Phoenix Next Dayton Inc

Analysis

Phoenix Next Dayton Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phoenix Next Dayton Inc reported income of $503k and spending of $503k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.2m to $503k (-77%), an average of -52% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Phoenix Next Dayton Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include New Directions Treatment Center ($503k), Creative Learning Alliance Inc ($503k) and Los Angeles River Revitalization Corporation ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.9m against liabilities of $6.9m, net assets of $0.