Phoenix Multisport Inc
Phoenix Multisport Inc consistently generates surpluses and reports 0% officer compensation.
EIN: 204648043 · Denver, CO · NTEE: F21 · Updated: 2026-03-28
Is Phoenix Multisport Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phoenix Multisport Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phoenix Multisport Inc
Phoenix Multisport Inc (EIN: 204648043) is a nonprofit organization based in Denver, CO, classified under NTEE code F21. The organization reported total revenue of $23.3M and total assets of $23.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phoenix Multisport Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phoenix Multisport Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.8M |
| Total Expenses | $21.8M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $22.1M |
| Total Liabilities | $4.7M |
| Net Assets | $17.5M |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 21.1% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, Phoenix Multisport Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 21.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phoenix Multisport Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +23.3% | +5.5% |
| 2022 | +34.1% | +37.2% | +19.0% |
| 2021 | +43.0% | +46.8% | +21.6% |
| 2020 | +19.5% | +16.5% | +21.9% |
| 2019 | +44.5% | +41.8% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Multisport Inc 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 Multisport Inc 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 surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.1%.
Executive Compensation Analysis
Phoenix Multisport Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its scale (latest revenue $22.8 million) and suggests a strong commitment to directing funds to programs or a unique operational model.
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 Multisport Inc:
- Consistent operating surpluses, e.g., $999,546 in 2023 ($22,819,218 revenue - $21,818,672 expenses).
- Exceptional asset growth, from $1.8M in 2014 to $22.1M in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency or volunteer leadership.
- Strong revenue growth trajectory over the past decade.
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities (e.g., $22.1M assets vs. $4.6M liabilities in 2023).
Frequently Asked Questions about Phoenix Multisport Inc
Is Phoenix Multisport Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Phoenix Multisport Inc (EIN: 204648043) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Phoenix Multisport Inc spend its money?
Phoenix Multisport Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phoenix Multisport Inc tax-deductible?
Phoenix Multisport Inc is registered as a tax-exempt nonprofit (EIN: 204648043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Phoenix Multisport Inc a good charity?
Based on its financial data, Phoenix Multisport Inc appears to be a very good charity. It consistently generates surpluses, demonstrates strong asset growth, and notably reports 0% officer compensation, indicating a high dedication to its mission and efficient use of funds.
How has Phoenix Multisport Inc's financial health changed over time?
Phoenix Multisport Inc has experienced significant financial growth and improved health over the past decade. Its revenue surged from $2,248,497 in 2014 to $22,819,218 in 2023, and assets grew from $1,819,363 to $22,138,413 in the same period, demonstrating robust expansion and financial stability.
What is Phoenix Multisport Inc's approach to executive compensation?
Phoenix Multisport Inc's approach to executive compensation is highly distinctive, as it consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that executive leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence.
Filing History
IRS 990 filing history for Phoenix Multisport Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phoenix Multisport Inc's revenue has grown by 2099.5%, moving from $1.0M to $22.8M. Total assets increased by 1414.9% over the same period, from $1.5M to $22.1M. Total functional expenses rose by 1766.4%, from $1.2M to $21.8M. In its most recent filing year (2023), Phoenix Multisport Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $4.7M in liabilities against $22.1M in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $17.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.8M | $21.8M | $22.1M | $4.7M | — | — |
| 2022 | $21.0M | $17.7M | $21.0M | $4.5M | — | View 990 |
| 2021 | $15.7M | $12.9M | $17.6M | $4.5M | — | View 990 |
| 2020 | $11.0M | $8.8M | $14.5M | $4.2M | — | View 990 |
| 2019 | $9.2M | $7.5M | $11.9M | $3.7M | — | View 990 |
| 2018 | $6.4M | $5.3M | $9.9M | $3.3M | — | View 990 |
| 2017 | $5.7M | $2.8M | $8.3M | $2.8M | — | View 990 |
| 2016 | $1.8M | $2.0M | $2.4M | $111K | — | View 990 |
| 2015 | $3.1M | $1.9M | $2.7M | $96K | — | View 990 |
| 2014 | $2.2M | $1.7M | $1.8M | $416K | — | View 990 |
| 2013 | $1.4M | $1.6M | $1.0M | $125K | — | View 990 |
| 2012 | $1.3M | $1.5M | $1.1M | $142K | — | View 990 |
| 2011 | $1.0M | $1.2M | $1.5M | $288K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.8M, expenses of $21.8M, and assets of $22.1M (revenue +8.5% year-over-year).
- 2022: Revenue of $21.0M, expenses of $17.7M, and assets of $21.0M (revenue +34.1% year-over-year).
- 2021: Revenue of $15.7M, expenses of $12.9M, and assets of $17.6M (revenue +43.0% year-over-year).
- 2020: Revenue of $11.0M, expenses of $8.8M, and assets of $14.5M (revenue +19.5% year-over-year).
- 2019: Revenue of $9.2M, expenses of $7.5M, and assets of $11.9M (revenue +44.5% year-over-year).
- 2018: Revenue of $6.4M, expenses of $5.3M, and assets of $9.9M (revenue +11.7% year-over-year).
- 2017: Revenue of $5.7M, expenses of $2.8M, and assets of $8.3M (revenue +219.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.0M, and assets of $2.4M (revenue -41.9% year-over-year).
- 2015: Revenue of $3.1M, expenses of $1.9M, and assets of $2.7M (revenue +36.1% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.7M, and assets of $1.8M (revenue +56.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.6M, and assets of $1.0M (revenue +6.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.5M, and assets of $1.1M (revenue +29.8% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.2M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phoenix Multisport Inc:
Data Sources and Methodology
This transparency report for Phoenix Multisport 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.