The Phoenix Pact Fund

Analysis

The Phoenix Pact Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2000, 26 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 June 2023, The Phoenix Pact Fund reported income of $1.1m and spending of $1.8m, spending 166% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $256k to $1.1m (+315%), an average of +43% a year. The sharpest change came in the year to June 2020, when income rose by 1543%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Phoenix Pact Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include South Carolina Junior Golf Foundation ($1.1m), Discovery Garden Montessori School ($1.1m) and Kids Korner Preschool & Daycare ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% of the total. Other salaries and wages came to $150k. At year end it held assets of $17.7m against liabilities of $3.1m, net assets of $14.6m. It reported 2 employees.