Phoenix Counseling Center

Analysis

Phoenix Counseling Center is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoenix Counseling Center reported income of $9.0m and spending of $9.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.9m to $9.0m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Counseling Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Student Achievement Partners Inc ($8.9m), Manhattan Country School Inc ($9.0m) and Rit Global Delivery Corporation ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $180k (2.0% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $4.5m against liabilities of $722k, net assets of $3.8m. It reported 191 employees.