Phoenix Alternatives Inc

Analysis

Phoenix Alternatives Inc is a registered charity in United States, based in White Bear Lake, MN. It received its IRS tax-exemption ruling in February 1991, 35 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 December 2023, Phoenix Alternatives Inc reported income of $6.6m and spending of $7.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $6.6m (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Alternatives Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Sojourner Truth Academy ($6.6m), Alain Locke Charter School ($6.6m) and Methodist Theological School in Ohio ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $166k (2.3% of expenses). Other salaries and wages came to $3.4m. It paid $9,390 in professional fundraising fees. At year end it held assets of $5.1m against liabilities of $742k, net assets of $4.4m. It reported 273 employees.