Phoenix Theatre Inc

Analysis

Phoenix Theatre Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1983, 43 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 August 2023, Phoenix Theatre Inc reported income of $3.3m and spending of $1.9m, leaving 41% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.0m to $3.3m (+61%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 80%. Over the whole period it spent 81% 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 Inc 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 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include American Association of People with Disabilities ($3.3m), Victor Association of Cultural and Performing Arts Inc ($3.3m) and Applied Science and Technology Research Organization of Americs ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $35k (1.8% of expenses). Other salaries and wages came to $564k. At year end it held assets of $10.6m against liabilities of $4.2m, net assets of $6.4m. It reported 48 employees.