Greater Phoenix Economic Council

Analysis

Greater Phoenix Economic Council is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 1991, 35 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 June 2024, Greater Phoenix Economic Council reported income of $8.6m and spending of $8.2m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.0m to $8.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Phoenix Economic Council sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Delta Community Action Association Inc ($8.6m), Fifth Avenue Association Business Improvement District Inc ($8.6m) and Pace Enterprises of West Virginia Inc ($8.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $674k (8.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $9.7m against liabilities of $4.2m, net assets of $5.6m. It reported 49 employees.