Hope Ignites Phoenix

Analysis

Hope Ignites Phoenix is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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 2023, Hope Ignites Phoenix reported income of $1.3m and spending of $1.7m, spending 132% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $2.0m to $1.3m (-35%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Ignites Phoenix sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within AZ. Charities of a similar size with the same main cause include American Society for Public Administration ($1.3m), Mini Cat Town Inc ($1.3m) and Liberty Hospital Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $132k (7.8% of expenses). Other salaries and wages came to $879k. At year end it held assets of $1.7m against liabilities of $196k, net assets of $1.5m. It reported 27 employees.