Phoenix Academy

Analysis

Phoenix Academy is a registered charity in United States, based in North Branch, MN. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoenix Academy reported income of $2.0m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.0m (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Idaho College and Career Readiness Academy Incorporated ($2.0m), Investigative Newsource ($2.0m) and National Veteran Business Development Council ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $185k (10% of expenses). Other salaries and wages came to $735k. At year end it held assets of $1.7m against liabilities of $1.6m, net assets of $38k. It reported 50 employees.