Arizona Chamber Foundation

Analysis

Arizona Chamber Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in September 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 Chamber Foundation reported income of $1.4m and spending of $398k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.4m (-31%), an average of -8.7% a year. The sharpest change came in the year to June 2023, when income rose by 513%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona Chamber Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Commission of Accreditation of Allied Health Education Programs ($1.4m), R Merle Palmer Minority Scholarship Foundation ($1.4m) and Mandala Childrens House Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $162k (41% of expenses). Other salaries and wages came to $71k. At year end it held assets of $1.1m against liabilities of $9,829, net assets of $1.1m.