Phoenix Bioinformatics Corporation

Analysis

Phoenix Bioinformatics Corporation is a registered charity in United States, based in Newark, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Bioinformatics Corporation reported income of $2.2m and spending of $2.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $2.2m (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phoenix Bioinformatics Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include American Medical Writers Association ($2.2m), The Alpaugh Family Economic Center for Educational and Research ($2.2m) and Armenian Library and Museum of America Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $492k (24% of expenses). Other salaries and wages came to $850k. At year end it held assets of $2.2m against liabilities of $927k, net assets of $1.2m. It reported 19 employees.