Arizona Community Development Corporation

Analysis

Arizona Community Development Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arizona Community Development Corporation reported income of $22.3m and spending of $21.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.5m to $22.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona Community Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Cornerstone Academy Inc ($22.3m), Louisiana Tech University Foundation Inc ($22.3m) and American Maritime Officers Safety & Education Plan ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $175k (0.8% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $21.8m against liabilities of $15.3m, net assets of $6.5m. It reported 408 employees.