Yeshiva of Phoenix

Analysis

Yeshiva of Phoenix is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Yeshiva of Phoenix reported income of $6.7m and spending of $5.9m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.7m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Yeshiva of Phoenix sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include The Coral Gables Community Foundation ($6.7m), Asian Hope ($6.7m) and Community Foundations Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 84% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $7.1m against liabilities of $2.5m, net assets of $4.6m. It reported 63 employees.