The Phoenix Center Inc

Analysis

The Phoenix Center Inc is a registered charity in United States, based in Nutley, NJ. It received its IRS tax-exemption ruling in January 1992, 34 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, The Phoenix Center Inc reported income of $13.7m and spending of $13.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $14.4m to $13.7m (-5.1%), an average of -1.7% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Phoenix Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Norfolk Christian Schools ($13.7m), Jewell Educational Fund ($13.7m) and Creation Foundation Inc ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $212k (1.6% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $6.6m against liabilities of $4.7m, net assets of $1.9m. It reported 240 employees.