Microbusiness Advancement Center of Southern Arizona

Analysis

Microbusiness Advancement Center of Southern Arizona is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in October 1994, 32 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, Microbusiness Advancement Center of Southern Arizona reported income of $851k and spending of $885k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $329k to $851k (+159%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 254%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Microbusiness Advancement Center of Southern Arizona sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include Michigan Street African American Heritage Corridor Commission Inc ($850k), Adas Cafe ($851k) and LA Esperanza Inc ($850k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $29k (3.2% of expenses). Other salaries and wages came to $147k. At year end it held assets of $161k against liabilities of $175k, net assets of -$14k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.