Phoenix Final Four Local Organizing Committee

Analysis

Phoenix Final Four Local Organizing Committee is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoenix Final Four Local Organizing Committee reported income of $2.3m and spending of $475k, leaving 79% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income grew from $1,316 to $2.3m (+174934%), an average of +4084% a year. The sharpest change came in the year to June 2022, when income rose by 37894%. Over the whole period it spent 24% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Phoenix Final Four Local Organizing Committee sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include Angel Flight East ($2.3m), Seattle Metropolitan Aquatic Club Smac ($2.3m) and Bike Works Seattle ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $160k. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.