| THE GUIDANCE CENTER INC | Flagstaff | — | $22M | 10 |
| MIRABELLA AT ASU INC | Tempe | L22 Housing & Shelter | $21.8M | 5 |
| Hospice Endowment Trust Fund of Phoenix AZ | Phoenix | — | $21.5M | 1 |
| ARIZONA TRAINING & EVALUATION CENTER INC | Peoria | J300 Employment | $21.3M | 3 |
| Dorrance Family Foundation | Scottsdale | — | $21.3M | 1 |
| HARVEST POWER COMMUNITY DEVELOPMENT | Yuma | B24 Education | $21M | 1 |
| ARIZONA AEROSPACE FOUNDATION | Tucson | A570 Arts, Culture & Humanities | $20.9M | 2 |
| NEW HORIZON YOUTH HOMES INC | Chandler | P73 Human Services | $20.9M | 0 |
| RESILIENT HEALTH INC | Phoenix | P200 Human Services | $20.9M | 7 |
| Sun Health Colonnade | Sun City West | L22 Housing & Shelter | $20.7M | 11 |
| BETTER BUSINESS BUREAU INC | Phoenix | — | $20.7M | 11 |
| SONORAN UNIVERSITY OF HEALTH SCIENCES | Tempe | — | $20.7M | 9 |
| VALLEY CHRISTIAN SCHOOLS | Chandler | B250 Education | $20.7M | 5 |
| TOUCHSTONE BEHAVIORAL HEALTH | Phoenix | P34Z Human Services | $20.5M | 11 |
| VISTA COLLEGE PREPARATORY INC | Phoenix | B20 Education | $20.4M | 6 |
| DYNONOBEL INC AND DISTRIBUTORS VEBA | Phoenix | — | $20.3M | 0 |
| CASA DE LOS NINOS | Tucson | O50 Youth Development | $20.3M | 7 |
| REGIONAL CENTER FOR BORDER HEALTH INC | Somerton | G00P Diseases, Disorders & Medical Disciplines | $20.2M | 3 |
| The American Board of Radiology | Tucson | — | $20.1M | 10 |
| ARIZONA ASSOCIATION OF COMMUNITY HEALTH | Phoenix | E32C Health Care | $19.8M | 6 |
| PHOENIX COUNTRY CLUB | Phoenix | — | $19.8M | 5 |
| Board of Trustees Arizona Sheet Metal | Phoenix | — | $19.6M | 0 |
| FREEPORT MCMORAN FOUNDATION | Phoenix | — | $19.6M | 0 |
| FIT KIDS INC | Scottsdale | B99 Education | $19.5M | 3 |
| STATE BAR OF ARIZONA | Phoenix | — | $19.4M | 9 |
| ARIZONA COUNTRY CLUB | Phoenix | — | $19.4M | 6 |
| ARIZONA AGRIBUSINESS & EQUINE CENTER INC | Phoenix | B99 Education | $19.2M | 2 |
| UNITED COMMUNITY HEALTH CENTER-MARI | Green Valley | E320 Health Care | $18.7M | 10 |
| COMMUNITY FOUNDATION FOR | Tucson | T31 Philanthropy, Voluntarism & Grantmaking Foundations | $18.7M | 4 |
| Dorrance Foundation for Education | Scottsdale | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $18.6M | 1 |
| Stewardship Endowment Fund | Scottsdale | X112 Religion-Related | $18.6M | 0 |
| SAGUARO FOUNDATION COMMUNITY | Yuma | P730 Human Services | $18.6M | 2 |
| Tohono O'Odham Community College | Sells | B41 Education | $18.4M | 6 |
| VALLEYWISE HEALTH FOUNDATION | Phoenix | E058 Health Care | $18.4M | 5 |
| CITY OF GLENDALE MUNICIPAL PROPERTY CORP | Glendale | — | $18.3M | 0 |
| GREATER PHOENIX CONVENTION AND VISITORS | Phoenix | — | $18.1M | 7 |
| VALLEYLIFE | Phoenix | J30I Employment | $18.1M | 3 |
| HERITAGE ACADEMY INC | Mesa | B20 Education | $18.1M | 5 |
| National Law Enforcement | Phoenix | I600 Crime & Legal-Related | $18M | 7 |
| EQUALITY COMMUNITY HOUSING CORPORATION | Glendale | L21 Housing & Shelter | $17.9M | 0 |
| Planetary Science Institute | Tucson | — | $17.9M | 8 |
| EMPOWER COLLEGE PREP | Phoenix | B29 Education | $17.8M | 2 |
| FLORENCE IMMIGRANT & REFUGEE RIGHTS | Tucson | I80Z Crime & Legal-Related | $17.8M | 5 |
| THE OPPORTUNITY TREE | Phoenix | P8XZ Human Services | $17.6M | 2 |
| WINIFRED STEVENS FOUNDATION | Tempe | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $17.5M | 3 |
| CENTRAL ARIZONA SHELTER SERVICES INC | Phoenix | L41Z Housing & Shelter | $17.5M | 3 |
| ONE STEP BEYOND INC | Peoria | F33 Mental Health & Crisis Intervention | $17.5M | 3 |
| THE HS LOPEZ FAMILY FOUNDATION | Tucson | T22 Philanthropy, Voluntarism & Grantmaking Foundations | $17.4M | 2 |
| NORTHWEST CHRISTIAN SCHOOL | Phoenix | — | $17.4M | 4 |
| ARIZONA SCIENCE CENTER | Phoenix | A570 Arts, Culture & Humanities | $17.3M | 7 |
