Friends of the Phoenix Center Foundation Inc

Analysis

Friends of the Phoenix Center Foundation Inc is a registered charity in United States, based in Nutley, NJ. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Phoenix Center Foundation Inc reported income of $312k and spending of $414k, spending 132% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $331k to $312k (-5.5%), an average of -1.9% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of the Phoenix Center Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Worldwide Ministry of Jesus ($312k), Casa de Avivamiento Corp ($313k) and Penn Valley Christian Retreat ($312k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. It paid $54k in professional fundraising fees. At year end it held assets of $670k against liabilities of $94k, net assets of $576k.