Phoenix Charter Academy Foundation

Is Phoenix Charter Academy Foundation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Phoenix Charter Academy Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Phoenix Charter Academy Foundation

Phoenix Charter Academy Foundation (EIN: 204761182) is a nonprofit organization based in Boston, MA, classified under NTEE code B11. The organization reported total revenue of $1.3M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phoenix Charter Academy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Phoenix Charter Academy Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Phoenix Charter Academy Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator, suggesting that all resources are directed towards the organization's mission and operational costs, rather than executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Phoenix Charter Academy Foundation's IRS 990 filings:

• Significant increase in liabilities in the most recent filing ($2,171,684 in 202306 compared to $763,548 in 202206).

Strengths

The following positive indicators were identified for Phoenix Charter Academy Foundation:

• Consistent revenue generation, with latest revenue at $1,551,342.
• Strong asset growth, reaching $4,178,715 in 202306 from $1,857,843 in 202106.
• No reported officer compensation across all 13 filings, indicating high resource allocation to mission.
• Positive revenue-to-expense ratio in recent years, demonstrating financial sustainability (e.g., $1,551,342 revenue vs. $1,337,904 expenses in 202306).
• Long history of IRS 990 filings (13 filings), indicating transparency and compliance.

Frequently Asked Questions about Phoenix Charter Academy Foundation

Filing History

IRS 990 filing history for Phoenix Charter Academy Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Phoenix Charter Academy Foundation's revenue has grown by 709.5%, moving from $192K to $1.6M. Total assets increased by 2008.6% over the same period, from $198K to $4.2M. Total functional expenses rose by 756.9%, from $156K to $1.3M. In its most recent filing year (2023), Phoenix Charter Academy Foundation reported a surplus of $213K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $4.2M in assets (debt-to-asset ratio: 52.0%), resulting in net assets of $2.0M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $4.2M (revenue +10.7% year-over-year).
• 2022: Revenue of $1.4M, expenses of $1.1M, and assets of $2.8M (revenue +23.9% year-over-year).
• 2021: Revenue of $1.1M, expenses of $571K, and assets of $1.9M (revenue +0.1% year-over-year).
• 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $2.1M (revenue -30.4% year-over-year).
• 2019: Revenue of $1.6M, expenses of $1.9M, and assets of $1.8M (revenue -19.8% year-over-year).
• 2018: Revenue of $2.0M, expenses of $1.6M, and assets of $1.7M (revenue +4.8% year-over-year).
• 2017: Revenue of $1.9M, expenses of $1.6M, and assets of $1.5M (revenue +33.1% year-over-year).
• 2016: Revenue of $1.5M, expenses of $1.7M, and assets of $816K (revenue -10.3% year-over-year).
• 2015: Revenue of $1.6M, expenses of $2.3M, and assets of $1.4M (revenue -32.6% year-over-year).
• 2014: Revenue of $2.4M, expenses of $1.4M, and assets of $1.6M (revenue +137.3% year-over-year).
• 2013: Revenue of $1.0M, expenses of $605K, and assets of $1.1M (revenue +231.9% year-over-year).
• 2012: Revenue of $305K, expenses of $231K, and assets of $294K (revenue +58.9% year-over-year).
• 2011: Revenue of $192K, expenses of $156K, and assets of $198K.

Data Sources and Methodology

This transparency report for Phoenix Charter Academy Foundation 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.