GREATER PHOENIX CHAMBER FOUNDATION
Mission Statement
The Greater Phoenix Chamber Foundation (the Foundation) convenes and catalyzes business, education, and community to enhance college and career readiness, develop a stronger workforce, and build healthier communities throughout Arizona. The Foundation, a 501c3 nonprofit organization, leads the charitable and education initiatives of the Greater Phoenix Chamber under the four pillars of education, workforce development, wellness, and research. Through strong alignment between education, business, and community, the Foundation prepares individuals for college and career and serves as an intermediary to convey workforce needs and champion scalable workforce solutions. In addition, the Foundation makes Arizona and the Greater Phoenix region known as destinations for healthy talent and healthy communities through workplace wellness efforts and publishes data-driven research to inform policymakers, business leaders, and the general public.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.4% | 90.9% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
1.6% | 8.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.0% | 2.1% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.5 mo | 80.9 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
31.8% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.7% | 89.7% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
7.9% | 21.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
36.4% | 9.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.5% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $4.6M | $4.9M | $1.9M | 97.4% | 0 |
| 2023 | $4.3M | $3.6M | $2.2M | 90.5% | 42 |
| 2022 | $3.1M | $2.4M | $1.5M | 92.9% | 0 |
| 2021 | $1.4M | $1.9M | N/A | — | 0 |
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