Arizona Hispanic Chamber of Commerce Foundation Corporation

Analysis

Arizona Hispanic Chamber of Commerce Foundation Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 1991, 35 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arizona Hispanic Chamber of Commerce Foundation Corporation reported income of $2.1m and spending of $1.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $725k to $2.1m (+186%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arizona Hispanic Chamber of Commerce Foundation Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within AZ. Charities of a similar size with the same main cause include Main Street Alabama ($2.1m), 60-86 Madison Avenue District Management Association Inc ($2.1m) and Share Your Care Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $935k. It paid $34k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $1.0m, net assets of $931k.