Lambda Phoenix Center

Analysis

Lambda Phoenix Center is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Lambda Phoenix Center reported income of $57k and spending of $68k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $57k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lambda Phoenix Center sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AZ. Charities of a similar size with the same main cause include Rent Party Pantry Inc ($57k), Empowherment Inc ($57k) and Lebanon Lions Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 64% of the total. At year end it held assets of $459k against liabilities of $286k, net assets of $173k.