Rio Salado Foundation

Analysis

Rio Salado Foundation is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Rio Salado Foundation reported income of $80k and spending of $54k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $130k to $80k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 257%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rio Salado Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within AZ. Charities of a similar size with the same main cause include League of Yes Inc ($80k), Wood River Baseball & Softball Association Inc ($80k) and Serve and Return Inc ($80k).

At year end it held assets of $2.4m against liabilities of $78k, net assets of $2.3m.