Phoenixone

Analysis

Phoenixone is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phoenixone reported income of $280k and spending of $262k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $236k to $280k (+19%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phoenixone sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within AZ. Charities of a similar size with the same main cause include Sakya Tsechen Association Inc ($280k), Ministerio Una Casa En LA Roca Inc ($280k) and Endowment Foundation for Outreach and Witness ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (38% of expenses). Other salaries and wages came to $98k. At year end it held assets of $146k against liabilities of $13k, net assets of $133k.