Overview
What is Phoenix Suns Charities Inc?
Phoenix Suns Charities Inc, established in 1988, is a nonprofit organization situated in Phoenix, Arizona. Its primary mission is to support organizations that cater to the needs of children and families in Arizona. The charity has grown significantly due to the generosity of fans, sponsors, and the team itself. Fundraising activities include special events, employee giving campaigns, auction sales, and various projects, such as Suns license plates. Additionally, numerous donors designate Phoenix Suns Charities as their chosen recipient, led by a group of major donors known as Playmakers who pledge substantial contributions over four years. As a result, the charity distributes over a million dollars annually to hundreds of local charities, contributing over 34 million dollars to worthy organizations in Arizona since its inception.
Official website here: www.nba.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Phoenix Suns Charities Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. This rating is based solely on their strong performance in the Accountability & Finance category, where they scored 82%. The organization has demonstrated effective governance practices with a fully independent board of members and a sound financial structure, ensuring that a significant portion of their resources is directed towards their programs.
The charity has excelled in several key areas, including having no material diversion of assets and no loans to or from officers. They maintain a high program expense ratio of 91.57%, signifying a commitment to utilizing funds for their charitable activities rather than administrative costs. Additionally, their well-structured operational practices, such as documenting board meeting minutes and distributing tax forms to the board ahead of filing, reflect transparency and responsible oversight.
While the organization shows strength in governance and financial health, potential donors should be aware that the rating is solely based on financial metrics. There may be other qualitative factors or programmatic outcomes that are not captured by this score. Overall, Phoenix Suns Charities Inc appears to be a well-managed nonprofit with a focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Phoenix Suns Charities Inc legitimate?
Phoenix Suns Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phoenix Suns Charities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.nba.com
What is the mission statement of Phoenix Suns Charities Inc?
Phoenix Suns Charities Inc, established in 1988, is committed to benefiting organizations that cater to the needs of children and families within Arizona. Fueled by the generosity of fans, sponsors, and the team's underwriting, Phoenix Suns Charities has experienced consistent growth. This growth has enabled the organization to distribute over a million dollars annually to numerous local charities. Since its inception, Phoenix Suns Charities has generously donated over 34 million dollars to worthy organizations within Arizona. The mission of Phoenix Suns Charities continues to prioritize the well-being of children and families, providing crucial support to numerous local charities.
Official website here: www.nba.com
What is the revenue of Phoenix Suns Charities Inc?
Phoenix Suns Charities Inc's revenue in 2024 was $3,554,731.
Official website here: www.nba.com
Who are the executives of Phoenix Suns Charities Inc and what are their salaries?
There 283 volunteers at Phoenix Suns Charities Inc.
Here are 17 key members and their salaries:
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Official website here: www.nba.com
Where can I find the form 990 for Phoenix Suns Charities Inc?
Phoenix Suns Charities Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nba.com
Learn more at the official website: www.nba.com
Mission Statement of Phoenix Suns Charities Inc
Phoenix Suns Charities Inc, established in 1988, has a mission to aid organizations that cater to the needs of children and families in Arizona. This nonprofit organization has experienced significant growth over the years, largely due to the generosity of its fans, sponsors, and underwriting by the Phoenix Suns team. As a result, Phoenix Suns Charities now distributes over a million dollars annually to numerous local charities. Since its inception, the organization has donated an impressive sum of over 34 million dollars to deserving Arizona-based organizations, demonstrating its commitment to assisting the local community.
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Impact
July, 2024
Phoenix Suns Charities Inc has had a significant impact on the lives of children and families in Arizona. Through the generosity of fans, sponsors, and the team's support, this organization distributes more than a million dollars annually to hundreds of local charities. Since its establishment in 1988, Phoenix Suns Charities has donated over $34 million to various organizations in Arizona, focusing on assisting the needs of children and families. This financial support has enabled these charities to continue their critical work and make a positive difference in the community.
This information is meant to be a general summary of Phoenix Suns Charities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $392,351
- Gross Receipts: $3,588,421
Assets and Liabilities:
- Total Assets: $2,847,642
- Total Liabilities: $0
- Net Assets: $2,847,642
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Organization Details
Founding Year
1989
Principal Officer
Sarah Krahenbuhl
Website
www.nba.comNTEE Category
Code: P123 - Human services
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