Phoenix Challenge Foundation Inc

Analysis

Phoenix Challenge Foundation Inc is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in October 2004, 22 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 June 2024, Phoenix Challenge Foundation Inc reported income of $65k and spending of $71k, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $51k to $65k (+28%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 102% 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 Challenge Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Ketcham Inn Foundatin Inc ($65k), Circles for Jewish Living Inc ($65k) and Southside Art League Inc ($65k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.