Phoenix Theatre

Analysis

Phoenix Theatre is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Theatre reported income of $117k and spending of $116k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $117k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phoenix Theatre sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include American Chemical Society ($117k), Willis Wonderland Foundation ($117k) and Waterville Preservation Society ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $61k against liabilities of $1,250, net assets of $60k.