Arizona Petroleum Marketers Association Scholarship Foundation

Analysis

Arizona Petroleum Marketers Association Scholarship Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arizona Petroleum Marketers Association Scholarship Foundation reported income of $67k and spending of $81k, spending 122% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $109k to $67k (-39%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona Petroleum Marketers Association Scholarship Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within AZ. Charities of a similar size with the same main cause include Brains Minds and Destiny Inc ($67k), Tennessee High School Band Boosters ($67k) and Association for Political Theory Inc ($66k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $242k against liabilities of $0, net assets of $242k.