Sphinx Educational Fund Inc

Analysis

Sphinx Educational Fund Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sphinx Educational Fund Inc reported income of $70k and spending of $67k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $169k to $70k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sphinx Educational Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within AZ. Charities of a similar size with the same main cause include Metropolitan Milwaukee Alliance of Black School Educators ($70k), Ufcw Local 1500 Scholarship Fund ($70k) and Structural Engineers Foundation of Washington ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.