Phoenix Village Academy

Analysis

Phoenix Village Academy is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoenix Village Academy reported income of $3.5m and spending of $3.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.5m (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Village Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Shrewsbury Montessori School Corporation ($3.5m), Marian Middle School ($3.5m) and Illinois Institute for Continuing Legal Education ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $3,250 (0.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.3m against liabilities of $3.2m, net assets of -$975k. It reported 28 employees.