Phoenix Housing Corporation

Analysis

Phoenix Housing Corporation is a registered charity in United States, based in Winchester, KY. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Phoenix Housing Corporation reported income of $243k and spending of $209k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $213k to $243k (+14%), an average of +3.3% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Phoenix Housing Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Selah Place Inc ($243k), Home Trust of Skagit ($243k) and Inner-City Revitalization Corporation ($243k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $194k against liabilities of $517k, net assets of -$322k.