Phoenix Houses of Long Island Inc

Analysis

Phoenix Houses of Long Island Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in May 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoenix Houses of Long Island Inc reported income of $32.0m and spending of $31.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $35.1m to $32.0m (-8.8%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phoenix Houses of Long Island Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Integrated Community Alternatives Network Inc ($32.0m), Walworth Barbour American International School in Israel Inc ($32.0m) and Koinonia Foster Homes Inc ($32.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $857k (2.7% of expenses). Other salaries and wages came to $15.9m. At year end it held assets of $62.0m against liabilities of $32.8m, net assets of $29.1m. It reported 273 employees.