Arizona Technology Council Foundation

Analysis

Arizona Technology Council Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2004, 22 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 July 2023, Arizona Technology Council Foundation reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.8m (+38%), an average of +8.5% a year. The sharpest change came in the year to July 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona Technology Council Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Orange County Community College Association Inc ($1.8m), Lexington Institute ($1.8m) and Asm Materials Education Foundation ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $457k (29% of expenses). Other salaries and wages came to $335k. It paid $60k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $309k, net assets of $866k. It reported 37 employees.