Phoenix Foundation of Maryland Inc

Analysis

Phoenix Foundation of Maryland Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 July 2023, Phoenix Foundation of Maryland Inc reported income of $254k and spending of $334k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to July 2023, income fell from $285k to $254k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phoenix Foundation of Maryland Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include National League for Nursing ($254k), Alexander Rescue Squad & Ems Inc ($254k) and Using My Story Inc ($253k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 67% and program service revenue 14% of the total. Other salaries and wages came to $185k. At year end it held assets of $103k against liabilities of $0, net assets of $103k. It reported 10 employees.