Arizona Educational Foundation Inc

Analysis

Arizona Educational Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 September 2023, Arizona Educational Foundation Inc reported income of $895k and spending of $894k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $682k to $895k (+31%), an average of +7.0% a year. The sharpest change came in the year to September 2022, when income rose by 69%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arizona Educational 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 78th percentile, and in the 75th percentile within AZ. Charities of a similar size with the same main cause include Presbyterian Homes of Tampa Inc ($894k), National Correctional Industries Association Inc ($895k) and Geer Corporation ($894k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $132k (15% of expenses). Other salaries and wages came to $209k. At year end it held assets of $1.7m against liabilities of $64k, net assets of $1.7m. It reported 6 employees.