Phoenix Houses Of Long Island Inc

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Phoenix Houses Of Long Island Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Phoenix Houses Of Long Island Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Phoenix Houses Of Long Island Inc in one place.

Is Phoenix Houses Of Long Island Inc Legit?

Appears Legitimate

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

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Phoenix Houses Of Long Island Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Phoenix Houses Of Long Island Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Phoenix Houses Of Long Island Inc

Phoenix Houses Of Long Island Inc (EIN: 112307925) is a nonprofit organization based in Long Is City, NY. The organization reported total revenue of $36.9M and total assets of $84.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phoenix Houses Of Long Island Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Phoenix Houses Of Long Island Inc is a large nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Phoenix Houses Of Long Island Inc reported a surplus of $473K with revenue exceeding expenses, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 53.0% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Phoenix Houses Of Long Island Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.

IRS Tax-Exempt Classification

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 Houses Of Long Island Inc with a Mission Score of 92 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Phoenix Houses Of Long Island Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $473K, with revenue exceeding expenses.
• Debt-to-asset ratio: 53.0%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers from the organization's funds, which is highly unusual for an organization of this size ($36.9 million latest revenue) and suggests a volunteer or externally funded leadership structure.

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 Houses Of Long Island Inc:

• Consistent 0% officer compensation, indicating high transparency and mission focus.
• Significant and consistent revenue growth over the past decade.
• Strong asset growth, particularly in recent years, enhancing long-term stability.
• Generally positive net income/surpluses in recent years (e.g., $3.5 million in 202206), indicating sound financial management.
• Consistent IRS 990 filing history, demonstrating compliance and transparency.

Frequently Asked Questions about Phoenix Houses Of Long Island Inc

Filing History

IRS 990 filing history for Phoenix Houses Of Long Island Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Phoenix Houses Of Long Island Inc's revenue has grown by 105.3%, moving from $15.6M to $32.0M. Total assets increased by 574% over the same period, from $9.2M to $62.0M. Total functional expenses rose by 108.8%, from $15.1M to $31.5M. In its most recent filing year (2023), Phoenix Houses Of Long Island Inc reported a surplus of $473K, with revenue exceeding expenses. The organization holds $32.8M in liabilities against $62.0M in assets (debt-to-asset ratio: 53.0%), resulting in net assets of $29.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $32.0M, expenses of $31.5M, and assets of $62.0M (revenue +5.7% year-over-year).
• 2022: Revenue of $30.3M, expenses of $26.8M, and assets of $93.9M (revenue +45.6% year-over-year).
• 2021: Revenue of $20.8M, expenses of $24.1M, and assets of $15.7M (revenue -8.0% year-over-year).
• 2020: Revenue of $22.6M, expenses of $25.1M, and assets of $17.6M (revenue -35.6% year-over-year).
• 2019: Revenue of $35.1M, expenses of $25.8M, and assets of $14.7M (revenue +87.9% year-over-year).
• 2018: Revenue of $18.7M, expenses of $20.8M, and assets of $9.8M (revenue +1.8% year-over-year).
• 2017: Revenue of $18.3M, expenses of $15.3M, and assets of $5.9M (revenue +15.8% year-over-year).
• 2016: Revenue of $15.8M, expenses of $17.5M, and assets of $8.9M (revenue -2.8% year-over-year).
• 2015: Revenue of $16.3M, expenses of $18.2M, and assets of $9.1M (revenue -5.4% year-over-year).
• 2014: Revenue of $17.2M, expenses of $17.6M, and assets of $10.0M (revenue +4.3% year-over-year).
• 2013: Revenue of $16.5M, expenses of $17.1M, and assets of $8.8M (revenue -0.2% year-over-year).
• 2012: Revenue of $16.5M, expenses of $16.4M, and assets of $11.0M (revenue +6.2% year-over-year).
• 2011: Revenue of $15.6M, expenses of $15.1M, and assets of $9.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Phoenix Houses Of Long Island Inc:

Data Sources and Methodology

This transparency report for Phoenix Houses Of Long Island 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.