Arizona Regional Economic Development Foundation

Analysis

Arizona Regional Economic Development Foundation is a registered charity in United States, based in Sierra Vista, AZ. It received its IRS tax-exemption ruling in June 1987, 39 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, Arizona Regional Economic Development Foundation reported income of $690k and spending of $1.0m, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $711k to $690k (-2.9%), an average of -0.7% a year. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arizona Regional Economic Development Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AZ. Charities of a similar size with the same main cause include Watertown Industrial Center Local Development Corporation ($689k), North Newstead Association ($691k) and Stoddard County Sheltered Workshop ($689k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $126k (12% of expenses). Other salaries and wages came to $109k. At year end it held assets of $6.3m against liabilities of $1.1m, net assets of $5.2m. It reported 3 employees.