| 1 | Academy of Mathematics & Science South INC Tempe | $74.0M | $74.0M | $154.8M |
| 2 | Kaizen Educational Foundation Phoenix | $53.9M | $53.9M | $67.4M |
| 3 | Scottsdale Arts Scottsdale | $52.7M | $25.1M | $25.7M |
| 4 | Musical Instrument Museum Phoenix | $44.0M | $41.1M | $199.6M |
| 5 | Arizona Sonora Desert Museum Tucson | $25.9M | $16.2M | $66.1M |
| 6 | Grace Foundation for the Preservation of American Cave Creek | $22.0M | $0 | $62.4M |
| 7 | Arizona Aerospace Foundation INC Tucson | $21.9M | $20.9M | $33.0M |
| 8 | Arizona Science Center Phoenix | $19.7M | $17.3M | $43.7M |
| 9 | Heard Museum Phoenix | $18.0M | $10.7M | $34.5M |
| 10 | Phoenix Symphony Association Phoenix | $13.7M | $10.5M | $5.2M |
| 11 | Tucson Symphony Society Tucson | $13.5M | $8.0M | $21.4M |
| 12 | Phoenix Theatre INC Phoenix | $13.3M | $12.3M | $49.7M |
| 13 | Phoenix Art Museum Phoenix | $13.2M | $12.5M | $8.8M |
| 14 | Arizona Diamondbacks Foundation INC Phoenix | $12.1M | $8.1M | $6.1M |
| 15 | Arizona Opera Company Phoenix | $10.4M | $6.7M | $16.3M |
| 16 | Rialto Theatre Foundation Tucson | $9.4M | $8.8M | $6.9M |
| 17 | Abt Performing Arts Association INC Peoria | $8.6M | $8.6M | $8.8M |
| 18 | Childrens Museum of Phoenix Phoenix | $8.6M | $7.7M | $13.7M |
| 19 | Arizona Theatre Company Tucson | $8.6M | $7.4M | $3.6M |
| 20 | Friends of Public Radio Arizona Tempe | $8.2M | $8.1M | $10.7M |
| 21 | Arizona Musicfest Scottsdale | $7.6M | $7.6M | $11.3M |
| 22 | Phoenix Art Museum Endowment Fund INC Phoenix | $7.5M | $5.4M | $33.5M |
| 23 | Fox Tucson Theatre Foundation Tucson | $7.5M | $7.3M | $12.6M |
| 24 | Scottsdale Museum of the West INC Scottsdale | $7.1M | $4.4M | $12.1M |
| 25 | Tucson Museum of Art Tucson | $5.7M | $5.4M | $12.5M |
| 26 | Indij Public Media Phoenix | $4.8M | $4.8M | $2.6M |
| 27 | Native Renewables INC Flagstaff | $4.6M | $4.6M | $5.6M |
| 28 | Millennial Music Queen Creek | $4.3M | $4.3M | $509K |
| 29 | Loft Cinema INC Tucson | $4.0M | $3.8M | $7.5M |
| 30 | Fort Apache Heritage Foundation INC Fort Apache | $4.0M | $4.0M | $4.0M |
| 31 | Childsplay INC Tempe | $4.0M | $3.9M | $2.3M |
| 32 | Chandler Cultural Foundation Chandler | $3.7M | $3.7M | $8.9M |
| 33 | McDowell Mountain Music Festival INC Phoenix | $3.6M | $3.6M | $1.4M |
| 34 | Museum of Northern Arizona INC Flagstaff | $3.6M | $3.4M | $19.2M |
| 35 | Over the Rainbow Butterfly Garden INC Flagstaff | $3.5M | $3.5M | $1.2M |
| 36 | Phoenix Performing Arts Center INC Phoenix | $2.9M | $2.9M | $7.1M |
| 37 | Tucson Childrens Museum INC Tucson | $2.9M | $2.8M | $6.2M |
| 38 | Scottsdale Artists School INC Scottsdale | $2.7M | $2.2M | $3.9M |
| 39 | Foundation for Traditional Cultureinc Mesa | $2.6M | $2.6M | $267K |
| 40 | Prescott Fine Arts Association Prescott | $2.6M | -$2.2M | $156K |
| 41 | Japanese Friendship Garden of Phoenix INC Phoenix | $2.5M | $2.4M | $2.6M |
| 42 | Turrell Art Foundation Flagstaff | $2.4M | $2.4M | $108.7M |
| 43 | Jazz in Arizona INC Phoenix | $2.3M | $2.0M | $6.4M |
| 44 | Mijente Support Committee Phoenix | $2.3M | $2.3M | $8.4M |
| 45 | Elks Theatre & Performing Arts Center Prescott | $2.2M | $625K | $10.8M |
| 46 | Sedona International Film Festival & Workshop Sedona | $2.1M | $2.1M | $2.6M |
| 47 | Arts Foundation for Tucson and Southern Arizona Tucson | $2.1M | $2.1M | $1.8M |
| 48 | Southewst Folklife Alliance INC Tucson | $2.0M | $2.0M | $2.0M |
| 49 | Lead Guitar Tucson | $2.0M | $1.9M | $1.2M |
| 50 | Scottsdale Railroad and Mechanical Society Scottsdale | $1.9M | $1.9M | $5.9M |