Highlights
- Arizona Musicfest reported TY2023 revenue of $4,393,234 against expenses of $4,022,884, per IRS Form 990 data.
- Officer compensation reached $229,590 in TY2023, up from $180,000 in TY2021, a 27.5% increase over two years.
- Total assets grew to $6,796,096 in TY2023, recovering from a dip to $5,724,856 in TY2022.
- The organization's fiscal trajectory has accelerated sharply since TY2021, when revenue was $1,868,166 and expenses $1,127,532.
Arizona Musicfest, the Scottsdale-based performing arts nonprofit, reported $4,393,234 in revenue for tax year 2023, a 4.9% increase over TY2022's $4,206,685, according to IRS Form 990 data published by ProPublica Nonprofit Explorer. Expenses for the same period totaled $4,022,884, leaving the organization with a net surplus of roughly $370,000.
Officer compensation reached $229,590 in TY2023, up from $210,865 in TY2022 and $180,000 in TY2021. As a share of TY2023 revenue, officer pay represents approximately 5.2%, well below the rough 15% threshold that nonprofit watchdogs flag as a concern. The two-year increase of 27.5% in officer compensation, however, outpaced the revenue growth of 135% over the same period, a period that included a sharp post-pandemic rebound.
The revenue trajectory warrants context. TY2021 revenue of $1,868,166 reflected a period of constrained operations; TY2022 and TY2023 show a sustained recovery. Expenses have tracked upward in parallel: $1,127,532 in TY2021, $3,365,522 in TY2022, and $4,022,884 in TY2023. The organization's asset base stood at $6,796,096 at the close of TY2023, up from $5,724,856 in TY2022 and above the $5,902,520 reported in TY2021.
The organization is located at 7950 E Thompson Peak Pkwy, Scottsdale, AZ 85255, according to Charity Navigator, which also notes that financial statements are audited by an independent accountant and that no material diversion of assets was reported for fiscal year 2024. Charity Navigator further notes the organization does not have a records retention policy and does not disclose tax forms on its website.
According to the organization's own overview page, Arizona Musicfest holds a $7 million unrestricted endowment and operates with a $6 million annual budget. The 2024-25 season drew a record 50,613 patrons. The organization states it has awarded over $190,000 in college and summer camp scholarships to music students since 2012.
More recent data from Cause IQ shows the organization reported $7,633,636 in total revenues and $11,310,793 in total assets for fiscal year 2025, with grants and contributions of $3,564,240, a 78.2% increase from the prior year. The organization employs 9 staff members, per the same source.
How does Arizona Musicfest's officer pay compare to its revenue?
At $229,590, officer compensation in TY2023 equaled approximately 5.2% of the organization's $4,393,234 in revenue, below the 15% threshold commonly used by nonprofit analysts as a preliminary flag. The figure has risen 27.5% since TY2021, when it stood at $180,000, while revenue over the same two-year span grew from $1,868,166 to $4,393,234, a 135% increase.
The full TY2023 Form 990 for Arizona Musicfest (EIN 86-1034396) is available through ProPublica Nonprofit Explorer. The organization's next annual filing, covering TY2024, will reflect the fiscal year ending in 2024 and is expected to be filed in 2025.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- ProPublica Nonprofit Explorer retrieved 01/06/2026 03:06
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 01/06/2026 03:06. Every claim traces to a source.
