Phoenix Suns Charities Inc

Analysis

Phoenix Suns Charities Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Phoenix Suns Charities Inc reported income of $8.1m and spending of $2.7m, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $8.1m (+469%), an average of +54% a year. The sharpest change came in the year to June 2020, when income rose by 683%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phoenix Suns Charities Inc sits at the 93rd percentile: it is larger than about 93% 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 Eastern Market Corporatioin ($8.1m), George Junior Republic in Indiana Inc ($8.1m) and The Disability Fund Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $8.3m against liabilities of $0, net assets of $8.3m.