Phoenix Revitalization Corporation

Analysis

Phoenix Revitalization Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Phoenix Revitalization Corporation reported income of $701k and spending of $675k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $473k to $701k (+48%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Phoenix Revitalization Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AZ. Charities of a similar size with the same main cause include Kingston Midtown Rising ($701k), Harbor Hope Center ($702k) and Nonprofit Housing Preservations SB Inc ($701k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $269k. At year end it held assets of $231k against liabilities of $63k, net assets of $169k. It reported 5 employees.