Arizona Coyotes Foundation

Analysis

Arizona Coyotes Foundation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in November 2002, 24 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 December 2019, Arizona Coyotes Foundation reported income of $1.5m and spending of $1.3m, spending 83% of its income. Across the 2 years on record, from December 2018 to December 2019, income grew from $1.2m to $1.5m (+30%), an average of +30% a year. The sharpest change came in the year to December 2019, when income rose by 30%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arizona Coyotes Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Mecca Center Endowment Fund ($1.5m), United Jewish Community of the Virginia Peninsula Endowment Inc ($1.5m) and Big Rock Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 6.4% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $94k (7.4% of expenses). Other salaries and wages came to $16k. At year end it held assets of $1.4m against liabilities of $510k, net assets of $877k.