The Friends of Arizona Highways Magazine Foundation

Analysis

The Friends of Arizona Highways Magazine Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Friends of Arizona Highways Magazine Foundation reported income of $897k and spending of $940k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $745k to $897k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 193%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Friends of Arizona Highways Magazine Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within AZ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($897k), Lambert House ($897k) and Humanitarians of Florida Inc ($897k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $184k (20% of expenses). Other salaries and wages came to $52k. At year end it held assets of $62k against liabilities of $19, net assets of $62k. It reported 3 employees.