Phoenix Benefit Inc
EIN: 621855716 · Nashville, TN · NTEE: O23
| Metric | Value |
|---|---|
| Total Revenue | $325K |
| Total Expenses | $244K |
| Net Assets | $217K |
Is Phoenix Benefit Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Phoenix Benefit Inc
Phoenix Benefit Inc (EIN: 621855716) is a nonprofit organization based in Nashville, TN, classified under NTEE code O23. The organization reported total revenue of $325K and total assets of $386K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phoenix Benefit Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phoenix Benefit Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 13.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $296K |
| Total Expenses | $244K |
| Surplus / Deficit | +$52K |
| Total Assets | $217K |
| Net Assets | $217K |
| Operating Margin | 17.6% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Phoenix Benefit Inc reported a surplus of $52K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2023), Phoenix Benefit Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.1% | +78.1% | +31.6% |
| 2022 | +34.1% | -24.3% | +112.3% |
| 2021 | -4.3% | +11.6% | -31.2% |
| 2020 | +6.2% | +9.9% | -17.7% |
| 2019 | +7.9% | -11.0% | +72.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Phoenix Benefit Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Phoenix Benefit Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $52K, with revenue exceeding expenses.
Frequently Asked Questions about Phoenix Benefit Inc
Is Phoenix Benefit Inc a legitimate charity?
Phoenix Benefit Inc (EIN: 621855716) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $325K. No red flags identified. Financial health grade: A.
How does Phoenix Benefit Inc spend its money?
Phoenix Benefit Inc reported $325K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Phoenix Benefit Inc tax-deductible?
Phoenix Benefit Inc is registered as a tax-exempt nonprofit (EIN: 621855716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Phoenix Benefit Inc located?
Phoenix Benefit Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 621855716. It is classified under NTEE code O23.
How many years of IRS 990 filings does Phoenix Benefit Inc have?
Phoenix Benefit Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $325K in total revenue.
Filing History
IRS 990 filing history for Phoenix Benefit Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Phoenix Benefit Inc's revenue has grown by 305.3%, moving from $73K to $296K. Total assets increased by 283.6% over the same period, from $57K to $217K. Total functional expenses rose by 172.2%, from $90K to $244K. In its most recent filing year (2023), Phoenix Benefit Inc reported a surplus of $52K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $296K | $244K | $217K | $0 | — | — |
| 2022 | $224K | $137K | $165K | $0 | — | — |
| 2021 | $167K | $181K | $78K | $0 | — | — |
| 2020 | $175K | $162K | $113K | $21K | — | View 990 |
| 2019 | $164K | $148K | $137K | $56K | — | View 990 |
| 2018 | $152K | $166K | $79K | $16K | — | View 990 |
| 2017 | $141K | $142K | $136K | $58K | — | View 990 |
| 2016 | $174K | $137K | $105K | $10K | — | View 990 |
| 2015 | $72K | $88K | $63K | $5K | — | View 990 |
| 2015 | $147K | $124K | $75K | $2K | — | View 990 |
| 2014 | $166K | $205K | $80K | $30K | — | View 990 |
| 2013 | $88K | $56K | $89K | $0 | — | View 990 |
| 2012 | $73K | $90K | $57K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $296K, expenses of $244K, and assets of $217K (revenue +32.1% year-over-year).
- 2022: Revenue of $224K, expenses of $137K, and assets of $165K (revenue +34.1% year-over-year).
- 2021: Revenue of $167K, expenses of $181K, and assets of $78K (revenue -4.3% year-over-year).
- 2020: Revenue of $175K, expenses of $162K, and assets of $113K (revenue +6.2% year-over-year).
- 2019: Revenue of $164K, expenses of $148K, and assets of $137K (revenue +7.9% year-over-year).
- 2018: Revenue of $152K, expenses of $166K, and assets of $79K (revenue +8.2% year-over-year).
- 2017: Revenue of $141K, expenses of $142K, and assets of $136K (revenue -19.0% year-over-year).
- 2016: Revenue of $174K, expenses of $137K, and assets of $105K (revenue +140.0% year-over-year).
- 2015: Revenue of $72K, expenses of $88K, and assets of $63K (revenue -50.6% year-over-year).
- 2015: Revenue of $147K, expenses of $124K, and assets of $75K (revenue -11.6% year-over-year).
- 2014: Revenue of $166K, expenses of $205K, and assets of $80K (revenue +87.8% year-over-year).
- 2013: Revenue of $88K, expenses of $56K, and assets of $89K (revenue +20.9% year-over-year).
- 2012: Revenue of $73K, expenses of $90K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phoenix Benefit Inc:
Data Sources and Methodology
This transparency report for Phoenix Benefit Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.