{"id":1409,"date":"2026-05-30T19:03:06","date_gmt":"2026-05-30T19:03:06","guid":{"rendered":"https:\/\/scottsdalemovinghub.com\/?p=1409"},"modified":"2026-05-30T19:03:06","modified_gmt":"2026-05-30T19:03:06","slug":"phoenix-pride-files-for-chapter-11-bankruptcy-amid-financial-challenges","status":"publish","type":"post","link":"https:\/\/scottsdalemovinghub.com\/?p=1409","title":{"rendered":"Phoenix Pride files for Chapter 11 bankruptcy amid financial challenges"},"content":{"rendered":"
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PHOENIX \u2014 Phoenix Pride has filed for Chapter 11 bankruptcy protection, citing rising operational costs and declining sponsorship and fundraising support.<\/p>\n

Read more Time for a 6th C? Computers are driving Arizona\u2019s economy<\/a><\/p>\n<\/p><\/div>\n

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The nonprofit, which has operated for 40 years and hosts Arizona\u2019s two largest LGBTQ+ events, Pride Fest and Rainbow Fest, announced the filing Friday.<\/p>\n<\/p><\/div>\n

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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.<\/p>\n<\/p><\/div>\n

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Chapter 11 bankruptcy allows organizations to continue operating while restructuring their finances under court supervision.<\/p>\n<\/p><\/div>\n

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Phoenix Pride also hosts pageants, art shows and provides resources for members of the LGBTQ+ community.<\/p>\n<\/p><\/div>\n

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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.<\/p>\n<\/p><\/div>\n

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\u201cA 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,\u201d McFall said.<\/p>\n<\/p><\/div>\n

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McFall said he believes the trend began when the Trump administration started pushing back on diversity, equity and inclusion initiatives.<\/p>\n

Read more San Carlos Apache Tribe launches audit of funeral assistance program<\/a><\/p>\n<\/p><\/div>\n

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He added that other Pride organizations have faced similar financial challenges. Earlier this year, Tucson Pride announced it was shutting down.<\/p>\n<\/p><\/div>\n

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\u201cThey’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,\u201d McFall said.<\/p>\n<\/p><\/div>\n

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According to bankruptcy filings, Phoenix Pride owes nearly half a million dollars to creditors.<\/p>\n<\/p><\/div>\n

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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.<\/p>\n<\/p><\/div>\n

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Phoenix Pride declined to comment on the lawsuit. However, federal court documents indicate the organization is disputing the claim.<\/p>\n<\/p><\/div>\n

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In its statement, organizers said Phoenix Pride is not closed and events that have already been planned will continue as scheduled.<\/p>\n

Read more Pedestrian killed after being hit by semi-truck on Phoenix freeway<\/a><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

PHOENIX \u2014 Phoenix Pride has filed for Chapter 11 bankruptcy protection, citing rising operational costs and declining sponsorship and fundraising support. Read more Time for a 6th C? Computers are driving Arizona\u2019s economy The nonprofit, which has operated for 40 years and hosts Arizona\u2019s two largest LGBTQ+ events, Pride Fest and Rainbow Fest, announced the […]<\/p>\n","protected":false},"author":1,"featured_media":1408,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-valley"],"yoast_head":"\nPhoenix Pride files for Chapter 11 bankruptcy amid financial challenges - Scottsdale Moving Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scottsdalemovinghub.com\/?p=1409\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Pride files for Chapter 11 bankruptcy amid financial challenges - Scottsdale Moving Hub\" \/>\n<meta property=\"og:description\" content=\"PHOENIX \u2014 Phoenix Pride has filed for Chapter 11 bankruptcy protection, citing rising operational costs and declining sponsorship and fundraising support. 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