Arizona Community Foundation

Analysis

Arizona Community Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1981, 45 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 March 2023, Arizona Community Foundation reported income of $122.7m and spending of $98.0m, leaving 20% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $90.6m to $122.7m (+35%), an average of +7.9% a year. The sharpest change came in the year to March 2022, when income rose by 73%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arizona Community Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include United Way of Greater Toronto ($122.1m), Omaha Community Foundation ($124.8m) and United Way of Central Alabama Inc ($121.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 77% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $2.8m (2.9% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $1.02bn against liabilities of $179.0m, net assets of $845.7m. It reported 92 employees.