Sonoran Art Foundation Inc

Analysis

Sonoran Art Foundation Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 2002, 24 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 June 2023, Sonoran Art Foundation Inc reported income of $465k and spending of $428k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $497k to $465k (-6.4%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sonoran Art Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include Voices of Hope Inc ($465k), Amelia Island Museum of History Inc ($465k) and Stageworks Theatre Group Inc ($465k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $84k (20% of expenses). Other salaries and wages came to $143k. At year end it held assets of $358k against liabilities of $262k, net assets of $96k. It reported 14 employees.