Posted on 05/30/2026 6:05:32 PM PDT by fidelis
Federal documents claim Phoenix Pride owes more than $400,000 and are now getting sued.
PHOENIX — Phoenix Pride has filed for Chapter 11 bankruptcy protection, citing rising operational costs and declining sponsorship and fundraising support.
The nonprofit, which has operated for 40 years and hosts Arizona’s two largest LGBTQ+ events, Pride Fest and Rainbow Fest, announced the filing Friday.
In a statement, Phoenix Pride said rising operational costs, a lack of sponsorships and fundraising challenges tied to the current political climate have placed significant financial strain on the organization.
Chapter 11 bankruptcy allows organizations to continue operating while restructuring their finances under court supervision.
Phoenix Pride also hosts pageants, art shows and provides resources for members of the LGBTQ+ community.
Michael McFall, president and CEO of Pride Guide USA, an LGBTQ+ resource guide that promotes organizations across the country, said he was not surprised by the bankruptcy filing.
“A lot of the big corporations are all pulling out of LGBTQ organizations, and so we're seeing that all over, and it didn't surprise me,” McFall said.
McFall said he believes the trend began when the Trump administration started pushing back on diversity, equity and inclusion initiatives.
He added that other Pride organizations have faced similar financial challenges. Earlier this year, Tucson Pride announced it was shutting down.
“They're so expensive to put on, and you know, and safety is a big, big concern, so they have to have the money for security, police, stuff like that,” McFall said.
According to bankruptcy filings, Phoenix Pride owes nearly half a million dollars to creditors.
Among those creditors is Pride Group LLC, a company that helps operate events for Phoenix Pride. The company filed a lawsuit against Phoenix Pride claiming it is owed nearly $420,000. The civil litigation was filed a few months ago.
Phoenix Pride declined to comment on the lawsuit. However, federal court documents indicate the organization is disputing the claim.
In its statement, organizers said Phoenix Pride is not closed and events that have already been planned will continue as scheduled.
Pride celebrations struggle as corporate sponsorships dry up
Pride cometh before the fall.
Ecce Crucem Domini! Fugite partes adversae! Vicit Leo de tribu Juda, Radix David! Alleluia!
Can you say USAID?
When the Public $$$ spigot is turned off, only private $$$ remain.
People voluntarily giving $$$.
Or not.
Trump 47 was absolutely over-the-target when he went after USAID.
A lot of that money was going towards “Gay Pride” crap, of that I have no doubt.
First thing I thought of.
USAID lack of money strikes again!
I thought going gay was free.
And big corporations too. When they stopped getting DEI incentives from Biden's government, they turned off the spigot too. Seems they don't care enough about PRIDE to spend their own money--just ours. Virtue signaling is easy if you're not paying for it.
In a statement, Phoenix Pride said rising operational costs, a lack of sponsorships and fundraising challenges tied to the current political climate have placed significant financial strain on the organization.
Be faithful in little things. One repetition of the truth, changes the social climate.
...when you run out of OPM - Other People’s Money.
Chapter 11 bankruptcy allows organizations to continue operating while restructuring their finances under court supervision.
But the rules have changed.
Yup, me too.
Come on liberals, refinance your cars and houses and donate to help this fine organization!
OPM is addictive.
woke is broke
“Can you say USAID?
When the Public $$$ spigot is turned off, only private $$$ remain”
I think a lot of USAID money was being funneled to the Democrat Fraud Machine.
Huh, no after increased scrutiny and USAID getting shut down, these groups are going broke. I’m SURE it’s just a coincidence though, right?
/s
Oh no are they going to cancel pride month now? Advertisers won’t be switching from interracial couples to gay couples for their laundry detergent commercials?
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