Local First Arizona Foundation

Analysis

Local First Arizona Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Local First Arizona Foundation reported income of $12.9m and spending of $13.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $12.9m (+892%), an average of +78% a year. The sharpest change came in the year to December 2020, when income rose by 1013%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local First Arizona Foundation 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 Beacon Interfaith Housing Collaborative ($12.9m), Progress Industries ($12.9m) and Meeting Professionals International ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $214k (1.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $5.4m against liabilities of $2.4m, net assets of $3.1m. It reported 69 employees.