Phoenix Residential Services Inc

Analysis

Phoenix Residential Services Inc is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 September 2022, Phoenix Residential Services Inc reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $1.2m to $1.4m (+17%), an average of +5.3% a year. The sharpest change came in the year to September 2020, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phoenix Residential Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include The Technical College System of Georgia Foundation Inc ($1.4m), Mt Zion Land Development Corporation II ($1.4m) and Family Abuse Services of Alamance County Inc ($1.4m).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 79% of the total. Other salaries and wages came to $789k. At year end it held assets of $701k against liabilities of $17k, net assets of $683k. It reported 31 employees.