Education Forward Arizona

Analysis

Education Forward Arizona is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2005, 21 years ago. 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 December 2023, Education Forward Arizona reported income of $6.3m and spending of $7.2m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $6.3m (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Education Forward Arizona sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Bay Shore Services Inc ($6.3m), Satellite Senior Homes Inc ($6.3m) and Sacramento LGBT Community Center ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $304k (4.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $20.7m against liabilities of $2.0m, net assets of $18.7m. It reported 57 employees.