Maywood Phoenix Homes Inc

Analysis

Maywood Phoenix Homes Inc is a registered charity in United States, based in Maywood, IL. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 May 2023, Maywood Phoenix Homes Inc reported income of $66k and spending of $114k, spending 172% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $6.2m to $66k (-99%), an average of -68% a year. The sharpest change came in the year to May 2023, when income rose by 1189%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maywood Phoenix Homes Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include The Helio Health Foundation Inc ($66k), Auxiliary of the Foothill Presbyterian Hospital ($66k) and Andrews Laughing Gas ($66k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $717k against liabilities of $0, net assets of $717k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.