Community Foundation for Southern Arizona Properties Inc

Analysis

Community Foundation for Southern Arizona Properties Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Foundation for Southern Arizona Properties Inc reported income of $330k and spending of $337k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $330k (-70%), an average of -33% a year. The sharpest change came in the year to June 2023, when income rose by 2657%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Foundation for Southern Arizona Properties Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within AZ. Charities of a similar size with the same main cause include St Joseph Medical Center Foundation ($330k), Ai and You Org ($330k) and Chebeague & Cumberland Land Trust Inc ($330k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 125% of the total. At year end it held assets of $19k against liabilities of $9,949, net assets of $9,046.

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.