Phoenix Benefit Inc

Analysis

Phoenix Benefit Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Benefit Inc reported income of $296k and spending of $244k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $296k (+80%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Phoenix Benefit Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include South Shore Childrens Chorus Corp ($296k), Focusfish Inc ($296k) and Eau Claire United Soccer Club ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 68% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.