Phoenix Counseling Center
Phoenix Counseling Center maintains stable finances with growing assets and no reported officer compensation.
EIN: 202493799 · Gastonia, NC · NTEE: B990 · Updated: 2026-03-28
Is Phoenix Counseling Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phoenix Counseling Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phoenix Counseling Center
Phoenix Counseling Center (EIN: 202493799) is a nonprofit organization based in Gastonia, NC, classified under NTEE code B990. The organization reported total revenue of $12.3M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phoenix Counseling Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phoenix Counseling Center is a large nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $9.1M |
| Surplus / Deficit | $-191,359 |
| Total Assets | $4.5M |
| Total Liabilities | $722K |
| Net Assets | $3.8M |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 15.9% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2023, Phoenix Counseling Center reported a deficit of $191K with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 15.9% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Phoenix Counseling Center's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | -9.3% | -4.5% |
| 2022 | -20.6% | -0.9% | +4.7% |
| 2021 | +21.3% | +2.4% | +43.4% |
| 2020 | -2.0% | -4.6% | +111.9% |
| 2019 | +112.3% | +91.1% | +45.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Phoenix Counseling Center with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Phoenix Counseling Center allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $191K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size ($12M+ revenue) and suggests a strong commitment to program spending.
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.
Strengths
The following positive indicators were identified for Phoenix Counseling Center:
- Consistent asset growth, from $693,999 in 2013 to $4,542,968 in 2023.
- No reported officer compensation across all 12 filings, indicating high program focus.
- Generally stable revenue and expense management over a decade.
- Low liabilities relative to assets, for example, $721,953 liabilities against $4,542,968 assets in 2023.
Frequently Asked Questions about Phoenix Counseling Center
Is Phoenix Counseling Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Phoenix Counseling Center (EIN: 202493799) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Phoenix Counseling Center spend its money?
Phoenix Counseling Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phoenix Counseling Center tax-deductible?
Phoenix Counseling Center is registered as a tax-exempt nonprofit (EIN: 202493799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Phoenix Counseling Center a good charity?
Based on the available IRS 990 data, Phoenix Counseling Center appears to be a very good charity. It demonstrates strong financial stability, consistent asset growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings.
How has Phoenix Counseling Center's financial health changed over time?
Phoenix Counseling Center has shown consistent growth in revenue and assets over the past decade. Revenue has generally fluctuated between $8M and $12M, while assets have grown substantially from under $1M in 2013 to over $4.5M in 2023, indicating improving financial health and capacity.
What is the trend in Phoenix Counseling Center's expenses versus revenue?
For most periods, Phoenix Counseling Center's revenue has either exceeded or closely matched its expenses. For example, in 2021, revenue was $12,914,062 against expenses of $10,169,108, showing a significant surplus. While 2023 showed a slight deficit, the overall trend indicates responsible financial management.
Filing History
IRS 990 filing history for Phoenix Counseling Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Phoenix Counseling Center's revenue has grown by 44.1%, moving from $6.2M to $9.0M. Total assets increased by 407.1% over the same period, from $896K to $4.5M. Total functional expenses rose by 61.2%, from $5.7M to $9.1M. In its most recent filing year (2023), Phoenix Counseling Center reported a deficit of $191K, with expenses exceeding revenue. The organization holds $722K in liabilities against $4.5M in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $9.1M | $4.5M | $722K | — | View 990 |
| 2022 | $10.3M | $10.1M | $4.8M | $745K | — | View 990 |
| 2021 | $12.9M | $10.2M | $4.5M | $708K | — | View 990 |
| 2020 | $10.6M | $9.9M | $3.2M | $2.1M | — | View 990 |
| 2019 | $10.9M | $10.4M | $1.5M | $997K | — | View 990 |
| 2018 | $5.1M | $5.4M | $1.0M | $985K | — | View 990 |
| 2016 | $10.0M | $10.2M | $1.1M | $837K | — | View 990 |
| 2015 | $9.1M | $9.3M | $1.3M | $822K | — | View 990 |
| 2014 | $8.5M | $8.4M | $1.5M | $811K | — | View 990 |
| 2013 | $7.4M | $7.3M | $694K | $145K | — | View 990 |
| 2012 | $6.5M | $6.9M | $359K | $193K | — | View 990 |
| 2011 | $6.2M | $5.7M | $896K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $9.1M, and assets of $4.5M (revenue -12.7% year-over-year).
- 2022: Revenue of $10.3M, expenses of $10.1M, and assets of $4.8M (revenue -20.6% year-over-year).
- 2021: Revenue of $12.9M, expenses of $10.2M, and assets of $4.5M (revenue +21.3% year-over-year).
- 2020: Revenue of $10.6M, expenses of $9.9M, and assets of $3.2M (revenue -2.0% year-over-year).
- 2019: Revenue of $10.9M, expenses of $10.4M, and assets of $1.5M (revenue +112.3% year-over-year).
- 2018: Revenue of $5.1M, expenses of $5.4M, and assets of $1.0M (revenue -48.8% year-over-year).
- 2016: Revenue of $10.0M, expenses of $10.2M, and assets of $1.1M (revenue +10.1% year-over-year).
- 2015: Revenue of $9.1M, expenses of $9.3M, and assets of $1.3M (revenue +6.6% year-over-year).
- 2014: Revenue of $8.5M, expenses of $8.4M, and assets of $1.5M (revenue +15.0% year-over-year).
- 2013: Revenue of $7.4M, expenses of $7.3M, and assets of $694K (revenue +14.9% year-over-year).
- 2012: Revenue of $6.5M, expenses of $6.9M, and assets of $359K (revenue +3.8% year-over-year).
- 2011: Revenue of $6.2M, expenses of $5.7M, and assets of $896K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phoenix Counseling Center:
Data Sources and Methodology
This transparency report for Phoenix Counseling Center 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.