Phoenix Zones Initiative

Analysis

Phoenix Zones Initiative is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 Zones Initiative reported income of $168k and spending of $164k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $256k to $168k (-34%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Phoenix Zones Initiative sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NM. Charities of a similar size with the same main cause include Peace Islands Institute Pennsylvania ($168k), Riverside Excite ($168k) and Rotary Club of Northfield ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $25k. At year end it held assets of $225k against liabilities of $2,028, net assets of $223k. It reported 1 employees.