Startupaz Foundation

Analysis

Startupaz Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2020, 6 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 September 2023, Startupaz Foundation reported income of $261k and spending of $418k, spending 160% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $520k to $261k (-50%), an average of -20% a year. The sharpest change came in the year to September 2022, when income dropped by 27%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startupaz Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within AZ. Charities of a similar size with the same main cause include Patton Fire Company No 1 ($261k), Keep Ohio Beautiful Inc ($261k) and Mora Creative Council ($261k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $198k (47% of expenses). Other salaries and wages came to $83k. At year end it held assets of $100k against liabilities of $0, net assets of $100k. It reported 5 employees.