The Phoenix Chorale

Analysis

The Phoenix Chorale is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1969, 57 years ago. 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, The Phoenix Chorale reported income of $596k and spending of $611k, spending 103% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $392k to $596k (+52%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 146%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Phoenix Chorale sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AZ. Charities of a similar size with the same main cause include Winchester Cooperative Nursery School Inc ($595k), Penobscot Foundation for Developmental Services ($596k) and Nami Cape Cod Inc ($595k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $55k. At year end it held assets of $678k against liabilities of $23k, net assets of $655k. It reported 2 employees.