Center for the Future of Arizona

Analysis

Center for the Future of Arizona is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2002, 24 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 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, Center for the Future of Arizona reported income of $7.4m and spending of $7.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $7.4m (+174%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for the Future of Arizona sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Western Washington Operating ($7.4m), Flatiron 23rd Street Partnershipdistrict Management Association Inc ($7.4m) and Association of Physicians of Pakistani-Descent of North America ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $61k (0.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.6m against liabilities of $2.0m, net assets of $1.7m.