Central Arizona Regional Economic Development Foundation

Analysis

Central Arizona Regional Economic Development Foundation is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Central Arizona Regional Economic Development Foundation reported income of $290k and spending of $309k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $290k (+124%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Arizona Regional Economic Development Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within AZ. Charities of a similar size with the same main cause include Central New York Diaper Bank Inc ($290k), All Heart Infusion ($290k) and Casa of Central Louisiana Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $189k. At year end it held assets of $104k against liabilities of $2,058, net assets of $102k. It reported 15 employees.