Phoenix Learning Academy

Analysis

Phoenix Learning Academy is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phoenix Learning Academy reported income of $318k and spending of $395k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $442k to $318k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Learning Academy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Lititz Regional Community Development Corporation ($318k), Lakewood Rangers Education Foundation ($318k) and Mount Vernon Library Foundation ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). At year end it held assets of $188k against liabilities of $34k, net assets of $154k. It reported 6 employees.