Phoenix Project

Analysis

Phoenix Project is a registered charity in United States, based in Front Royal, VA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Phoenix Project reported income of $385k and spending of $422k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $359k to $385k (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phoenix Project sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Morning Star Child Care ($385k), Outrageous Love Inc ($385k) and Early Steps Learning Foundation ($385k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $506k against liabilities of $108k, net assets of $399k. It reported 6 employees.