Highlights
- Charro Foundation revenue rose 91% year over year, from $1.1 million in TY2023 to $2.1 million in TY2024.
- Expenses of $1.19 million in TY2024 left the foundation with a substantial surplus, pushing assets to $6.28 million.
- Officer compensation remained $0 across all three reported tax years, an unusual profile for a foundation of this size.
- The foundation, incorporated in 1986, supports the Scottsdale Charros' grant-making to youth, education, and community organizations.
The Charro Foundation, the Scottsdale-based philanthropic arm of the Scottsdale Charros, reported $2,103,680 in revenue for tax year 2024, a 91% increase from $1,099,169 in TY2023, according to IRS Form 990 data published by ProPublica Nonprofit Explorer.
Expenses for TY2024 totaled $1,188,364, leaving the foundation with a net surplus that pushed total assets to $6,279,136, up from $5,411,761 the prior year. The asset base has grown steadily: TY2022 assets stood at $5,161,539, even as that year's expenses of $1,757,177 exceeded revenue of $771,854.
Officer compensation was reported at $0 for TY2024, TY2023, and TY2022, consistent across all three filings on record.
The foundation was incorporated in 1986 to formalize the philanthropic work of the Scottsdale Charros, a nonprofit group of businessmen originally formed on April 6, 1961. The Charros have hosted Spring Training Baseball at Scottsdale Stadium for more than 60 years and in 2014 made their largest single donation to that point, a $250,000 gift to the Scottsdale Museum of the West.
What does the Charro Foundation fund?
According to the Charros' website, the foundation supports charitable and educational purposes by providing grants to qualified recipients, with a focus on Scottsdale's youth, education, and community organizations while preserving the city's western heritage.
The 91% revenue surge warrants a closer look at the underlying 990 schedules, which would identify the sources of the jump, whether a single large gift, an uptick in event revenue tied to the Charros' Spring Training partnership with the San Francisco Giants, or a change in grant-pass-through activity. The full TY2024 filing is available through ProPublica's Nonprofit Explorer at EIN 510168210.
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 29/06/2026 22:38
- charros.com retrieved 29/06/2026 22:38
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 29/06/2026 22:38. Every claim traces to a source.
