Phoenix Multisport Inc

Analysis

Phoenix Multisport Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Phoenix Multisport Inc reported income of $22.8m and spending of $21.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $22.8m (+149%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phoenix Multisport Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Covenant Homecare ($22.8m), Casa-Trinity Inc ($22.8m) and Access to Advanced Health Institute ($22.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $1.2m (5.3% of expenses). Other salaries and wages came to $9.1m. It paid $69k in professional fundraising fees. At year end it held assets of $22.1m against liabilities of $4.7m, net assets of $17.5m. It reported 142 employees.