Xavier Foundation Inc

Analysis

Xavier Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Xavier Foundation Inc reported income of $234k and spending of $59k, leaving 75% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $370k to $234k (-37%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 30% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Xavier Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within AZ. Charities of a similar size with the same main cause include Help for Hungry & Homeless Inc ($233k), Motown Soup Inc ($234k) and Fall River United Jewish Appeal Inc ($233k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m.