Phoenix Charter Academy Foundation

Analysis

Phoenix Charter Academy Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Charter Academy Foundation reported income of $1.6m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.6m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2020, when income dropped by 30%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Charter Academy Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Folds of Honor Foundation ($1.6m), Palo Alto Va Child Development Inc ($1.6m) and Bookworm Gardens ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $4.2m against liabilities of $2.2m, net assets of $2.0m.