Arizona Council on Economic Education

Analysis

Arizona Council on Economic Education is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arizona Council on Economic Education reported income of $826k and spending of $767k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $826k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona Council on Economic Education sits at the 74th percentile: it is larger than about 74% 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 Friends of LBS Inc ($826k), Waldorf Association of Cape Cod Massachusetts Inc ($826k) and WSF Real Estate Inc ($826k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $123k (16% of expenses). Other salaries and wages came to $330k. At year end it held assets of $1.5m against liabilities of $138k, net assets of $1.4m. It reported 5 employees.