Arizona Diamondbacks Foundation Inc

Analysis

Arizona Diamondbacks Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Arizona Diamondbacks Foundation Inc reported income of $8.3m and spending of $6.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $8.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arizona Diamondbacks Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Astrophysical Research Consortium ($8.3m), Memphis in May International Festival Inc ($8.3m) and The Museum of Language Arts Incorporated ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $5.2m against liabilities of $986k, net assets of $4.2m.