Phoenix Charter Academy

Analysis

Phoenix Charter Academy is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in July 2019, 7 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 Charter Academy reported income of $3.7m and spending of $5.1m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $3.7m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Charter Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Countryside Montessoir Charter School Inc ($3.7m), Resurrection Episcopal Day School ($3.7m) and John Paul the Great Academy ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $219k (4.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.5m against liabilities of $3.1m, net assets of $1.4m. It reported 26 employees.