The Phoenix Theatre Company

Analysis

The Phoenix Theatre Company is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1945, 81 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, The Phoenix Theatre Company reported income of $24.6m and spending of $12.4m, leaving 50% of income unspent that year. Across the 6 years on record, from June 2019 to August 2023, income grew from $8.7m to $24.6m (+183%), an average of +23% a year. The sharpest change came in the year to August 2021, when income rose by 5185%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Phoenix Theatre Company sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Lab Central Inc ($24.5m), Sealaska Heritage Institute ($24.7m) and American Journalism Project Inc ($24.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $414k (3.3% of expenses). Other salaries and wages came to $3.6m. It paid $120k in professional fundraising fees. At year end it held assets of $50.0m against liabilities of $12.6m, net assets of $37.4m. It reported 378 employees.