Corporate Tax Foundation

Analysis

Corporate Tax Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corporate Tax Foundation reported income of $854k and spending of $348k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $842k to $854k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corporate Tax Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include Lupine Experiential School ($853k), Foundation of LA Jolla High School ($854k) and Community Christian Academy ($853k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.1m against liabilities of $3.8m, net assets of $2.3m.