University of Arizona Foundation

Analysis

University of Arizona Foundation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. 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, University of Arizona Foundation reported income of $221.3m and spending of $142.7m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $207.0m to $221.3m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Arizona Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Pennsylvania Cyber Charter School ($220.9m), Dickinson College ($221.6m) and Kenyon College ($218.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $2.0m (1.4% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $1.55bn against liabilities of $246.6m, net assets of $1.30bn. It reported 152 employees.