Greater Phoenix Chamber Foundation

Analysis

Greater Phoenix Chamber Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Greater Phoenix Chamber Foundation reported income of $4.3m and spending of $3.6m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.3m (+109%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 310%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Phoenix Chamber Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Nephcure Kidney International ($4.3m), Giving Forward Inc ($4.3m) and Mosdos Hatorah Vhachesed of Pnei Menachem Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $290k (8.0% of expenses). Other salaries and wages came to $1.3m. It paid $25k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $643k, net assets of $2.2m. It reported 42 employees.