Arizona Veterans Research and Education Foundation

Analysis

Arizona Veterans Research and Education Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arizona Veterans Research and Education Foundation reported income of $2.1m and spending of $2.4m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.1m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Arizona Veterans Research and Education Foundation sits at the 72nd percentile: it is larger than about 72% 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 Give an Hour Nonprofit Corporation ($2.1m), Vail House Midland Inc ($2.1m) and Red Door Community Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $121k (5.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.4m against liabilities of $229k, net assets of $3.2m. It reported 31 employees.