Arizona Education Scholarship Foundation Inc

Analysis

Arizona Education Scholarship Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 2010, 16 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 2024, Arizona Education Scholarship Foundation Inc reported income of $1.3m and spending of $482k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.6m to $1.3m (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona Education Scholarship Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within AZ. Charities of a similar size with the same main cause include Francis Hugh Wardlaw Academy ($1.3m), The Anti Fraud Coalition Inc ($1.3m) and Main Line School Night Association ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $110k (23% of expenses). At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m. It reported 1 employees.