| NER L HOREINU INC | Chandler | X05 Religion-Related | $29.7M | 0 |
| ARIZONA AUTISM CHARTER SCHOOLS INC | Phoenix | B28 Education | $29.6M | 6 |
| FRIENDSHIP RETIREMENT CORPORATION | Glendale | P750 Human Services | $29.4M | 7 |
| United Assoc of Journeymen & Appren of Plumbing & Pipefitting Ind Local 469 | Phoenix | — | $29.4M | 16 |
| BEACON GROUP INC | Tucson | P82 Human Services | $29.3M | 8 |
| ASU PREP GLOBAL ACADEMY | Tempe | B19 Education | $29M | 1 |
| MORENO FAMILY FOUNDATION | Phoenix | T22 Philanthropy, Voluntarism & Grantmaking Foundations | $29M | 0 |
| INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS | Phoenix | — | $28.9M | 33 |
| White Mountain Regional Medical Center | Springerville | E22Z Health Care | $28.8M | 8 |
| BENSON HOSPITAL CORPORATION | Benson | — | $28.4M | 8 |
| The Bob & Renee Parsons Foundation | Scottsdale | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $28.2M | 0 |
| JEWISH COMMUNITY FOUNDATION OF SOUTHERN ARIZONA | Tucson | T31 Philanthropy, Voluntarism & Grantmaking Foundations | $28.1M | 5 |
| INTER TRIBAL COUNCIL OF ARIZONA INC | Phoenix | — | $27.8M | 5 |
| PARADISE VALLEY COUNTRY CLUB INC | Paradise Valley | — | $27.5M | 14 |
| NORTHERN ARIZONA UNIVERSITY FOUNDATION | Flagstaff | B110 Education | $27.2M | 0 |
| LUTHERAN SOCIAL SERVICES OF THE SOUTHWEST | Phoeninx | X21Z Religion-Related | $27.1M | 3 |
| TOHONO O'ODHAM COMMUNITY COLLEGE | Sells | B41 Education | $27.1M | 6 |
| CANYONLANDS COMMUNITY HEALTH CENTER | Page | — | $27M | 8 |
| DESERT BOTANICAL GARDEN INC | Phoenix | C410 Environment | $26.7M | 7 |
| GRAHAM COUNTY ELECTRIC COOPERATIVE INC | Pima | — | $26.5M | 16 |
| WESTMINSTER VILLAGE INC | Scottsdale | P750 Human Services | $25.9M | 7 |
| RAZA DEVELOPMENT FUND INC | Phoenix | S43Z Community Improvement & Capacity Building | $25.7M | 13 |
| HEALTH CURRENT | Phoenix | E60 Health Care | $25.6M | 4 |
| Institute for Better Education | Tucson | B82 Education | $25.5M | 1 |
| PEOPLE-PEOPLE-PEOPLE FOUNDATION | Scottsdale | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $25.3M | 0 |
| Virginia B and David R Jontes Foundation | Phoenix | D20 Animal-Related | $25.2M | 1 |
| SCOTTSDALE ARTS | Scottsdale | A260 Arts, Culture & Humanities | $25.1M | 7 |
| Skystone Foundation Inc | Flagstaff | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $25.1M | 0 |
| SMFB NMTC SUPPORT CORP | Phoenix | K11 Food, Agriculture & Nutrition | $25M | 4 |
| SOUTHWEST AUTISM RESEARCH AND RESOURCE CENTER | Phoenix | H99 Medical Research | $25M | 9 |
| PIVOTAL FOUNDATION | Phoenix | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $24.8M | 0 |
| NORTHERN COCHISE COMMUNITY HOSPITAL INC | Willcox | E22Z Health Care | $24.8M | 7 |
| CATHOLIC EDUCATION ARIZONA | Phoenix | B82 Education | $24.7M | 3 |
| Operating Engineers Local 428 Health & Welfare Trust Fund | Phoenix | — | $24.5M | 0 |
| LEGACY TRADITIONAL SCHOOL - SURPRISE | Chandler | B29 Education | $24.5M | 3 |
| Mohave Mental Health Clinic Inc | Kingman | F32Z Mental Health & Crisis Intervention | $24.3M | 8 |
| ARIZONA CONNECTIONS ACADEMY CHARTER SCHOOL | Gilbert | B29 Education | $23.9M | 0 |
| CHILD & FAMILY RESOURCES INC | Tucson | P400 Human Services | $23.8M | 2 |
| ARIZONA FOUNDATION FOR LEGAL SERVICES & EDUCATION | Phoenix | I128 Crime & Legal-Related | $23.8M | 6 |
| Hacienda Inc | Phoenix | E240 Health Care | $23.8M | 7 |
| MINGUS MOUNTAIN ESTATE RESIDENTIAL | Prescott Valley | P730 Human Services | $23.6M | 5 |
| The Kemper & Ethel Marley Fdn | Phoenix | T20F Philanthropy, Voluntarism & Grantmaking Foundations | $23.6M | 0 |
| WORLDATWORK | Scottsdale | Y20Z Mutual & Membership Benefit | $23.4M | 11 |
| HUMAN SERVICES CAMPUS INC | Phoenix | L20 Housing & Shelter | $23.4M | 5 |
| VALLE DEL SOL INC | Phoenix | F320 Mental Health & Crisis Intervention | $23.4M | 13 |
| FREEPORT MCMORAN FOUNDATION | Phoenix | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $23.2M | 0 |
| THE CENTERS FOR HABILITATIONTCH | Tempe | J30 Employment | $23.1M | 2 |
| BEN AND CATHERINE IVY FOUNDATION | Scottsdale | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $23M | 1 |
| PRESCOTT COLLEGE INC | Prescott | — | $22.7M | 7 |
| SPECTRUM MEDICAL CARE CENTER | Phoenix | E24 Health Care | $22.7M | 9 |
