Phoenix Seminary Inc

Analysis

Phoenix Seminary Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoenix Seminary Inc reported income of $6.9m and spending of $6.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $6.9m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 97%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Seminary Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Torah Day School of Dallas ($6.9m), E3 Civic High ($6.9m) and Sewall Child Development Center Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $719k (11% of expenses). Other salaries and wages came to $2.5m. It paid $142k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $382k, net assets of $3.3m. It reported 115 employees.