Phoenix Renaissance Inc

Analysis

Phoenix Renaissance Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Phoenix Renaissance Inc reported income of $67k and spending of $63k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $67k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 97% 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 Renaissance Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within SC. Charities of a similar size with the same main cause include React Theatre ($67k), Northwest Native American Basketweavers Assn ($67k) and Chicago Cabaret Professionals ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.