Raza Development Fund Inc

Analysis

Raza Development Fund Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1996, 30 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Raza Development Fund Inc reported income of $26.3m and spending of $20.7m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.3m to $26.3m (+52%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 107%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Raza Development Fund Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Southern Oregon Goodwill Industries ($26.0m), Center for Community Change ($26.3m) and Tierra Del Sol Foundation ($26.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $2.6m (12% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $335.2m against liabilities of $227.4m, net assets of $107.8m. It reported 47 employees.