Tucson Residence Foundation Inc

Analysis

Tucson Residence Foundation Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in June 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tucson Residence Foundation Inc reported income of $15.0m and spending of $14.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.8m to $15.0m (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tucson Residence Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Augustus & James Corporation ($15.0m), Community Drug Board Inc ($15.0m) and University of South Carolina Business Partnership Foundation ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $217k (1.5% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $10.4m against liabilities of $2.3m, net assets of $8.0m. It reported 465 employees.