Phoenix Theatre Academy Inc

Analysis

Phoenix Theatre Academy Inc is a registered charity in United States, based in Hapeville, GA. It received its IRS tax-exemption ruling in August 1990, 36 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 August 2023, Phoenix Theatre Academy Inc reported income of $188k and spending of $224k, spending 120% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $146k to $188k (+29%), an average of +29% a year. The sharpest change came in the year to August 2023, when income rose by 29%. Over the whole period it spent 118% 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 Theatre Academy Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Six Nations Iroquois Cultural Center Inc ($188k), Indian Lake Theater Inc ($188k) and The Red Hook Daily Catch Inc ($188k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 32% and program service revenue 55% of the total. At year end it held assets of $32k against liabilities of $138k, net assets of -$106k.