University of Arizona Applied Research Corporation

Analysis

University of Arizona Applied Research Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Arizona Applied Research Corporation reported income of $6.2m and spending of $7.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $6.2m (+350%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 163%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Arizona Applied Research Corporation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include First Presbyterian Academy Inc ($6.2m), Menlo Park-Atherton Education Foundation ($6.2m) and Innovations Academy ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $549k (7.9% of expenses). Other salaries and wages came to $961k. At year end it held assets of $5.9m against liabilities of $4.6m, net assets of $1.3m. It reported 14 employees.