| Liberty Traditional Charter School | Tucson | B29 Education | $22.6M | 2 |
| THE AMERICAN COLLEGE OF THE MEDITERRANEAN | Tempe | B43 Education | $22.5M | 1 |
| SCOTTSDALE CONVENTION AND VISITORS BUREAU INC | Scottsdale | S41 Community Improvement & Capacity Building | $22.3M | 13 |
| TMC HEALTHCARE | Tucson | E12 Health Care | $22.1M | 13 |
| 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 | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $21.3M | 1 |
| Sun Health Services | Sun City West | E19 Health Care | $21.3M | 13 |
| FIESTA SPORTS FOUNDATION | Scottsdale | — | $21.3M | 11 |
| ACCEL | Phoenix | B28Z Education | $21.3M | 6 |
| ACADEMY OF MATHEMATICS AND SCIENCE INC | Tempe | B29 Education | $21M | 5 |
| YUMA COMMUNITY FOOD BANK | Yuma | K31Z Food, Agriculture & Nutrition | $21M | 1 |
| ARIZONA AEROSPACE FOUNDATION | Tucson | A570 Arts, Culture & Humanities | $20.9M | 2 |
| RESILIENT HEALTH INC FKA PSA BEHAVIORAL HEALTH | 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 | $20.6M | 4 |
| NOAH CARES | Phoenix | G11 Diseases, Disorders & Medical Disciplines | $20.5M | 0 |
| TOUCHSTONE BEHAVIORAL HEALTH | Phoenix | P34Z Human Services | $20.5M | 11 |
| VISTA COLLEGE PREPARATORY INC | Phoenix | B20 Education | $20.4M | 9 |
| GREATER PHOENIX CONVENTION AND VISITORS BUREAU | Phoenix | — | $20.4M | 11 |
| DYNONOBEL INC AND DISTRIBUTORS VEBA | Phoenix | — | $20.3M | 1 |
| CASA DE LOS NINOS | Tucson | O50 Youth Development | $20.3M | 7 |
| The American Board of Radiology | Tucson | — | $20.1M | 10 |
| HARVEST POWER COMMUNITY DEVELOPMENT GROUP | Yuma | B24 Education | $20M | 1 |
| FLINN FOUNDATION | Phoenix | B82 Education | $19.9M | 16 |
| STATE BAR OF ARIZONA | Phoenix | — | $19.8M | 8 |
| ARIZONA ASSOCIATION OF COMMUNITY HEALTH CENTERS INC | Phoenix | E32C Health Care | $19.8M | 6 |
| PHOENIX COUNTRY CLUB | Phoenix | — | $19.8M | 5 |
| Board of Trustees Arizona Sheet Metal Trade Trust Fund | Phoenix | — | $19.6M | 0 |
| ARIZONA COUNTRY CLUB | Phoenix | — | $19.4M | 6 |
| ARIZONA AGRIBUSINESS & EQUINE CENTER INC | Phoenix | B99 Education | $19.3M | 2 |
| COMMUNITY FOUNDATION FOR SOUTHERN ARIZONA | Tucson | T31 Philanthropy, Voluntarism & Grantmaking Foundations | $18.8M | 4 |
| GREATHEARTS AMERICA | Phoenix | B02 Education | $18.8M | 8 |
| NORTHWEST CHRISTIAN SCHOOL | Phoenix | — | $18.8M | 7 |
| UNITED COMMUNITY HEALTH CENTER-MARI | Green Valley | E320 Health Care | $18.7M | 10 |
| Dorrance Foundation for Education | Scottsdale | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $18.6M | 1 |
| ONE STEP BEYOND INC | Peoria | F33 Mental Health & Crisis Intervention | $18.6M | 4 |
| SAGUARO FOUNDATION COMMUNITY LIVING PROGRAMS | Yuma | P730 Human Services | $18.6M | 2 |
| Arizona Jewish Historical Society | Phoenix | — | $18.4M | 1 |
| HERITAGE ACADEMY GATEWAY INC | Mesa | B20 Education | $18.2M | 4 |
| VALLEYLIFE | Phoenix | J30I Employment | $18.1M | 3 |
| National Law Enforcement Telecommunication System Inc | Phoenix | I600 Crime & Legal-Related | $18M | 7 |
| BETHANY RANCH HOME INC | Phoenix | P73Z Human Services | $18M | 3 |
| REGIONAL CENTER FOR BORDER HEALTH INC | Somerton | G00P Diseases, Disorders & Medical Disciplines | $18M | 4 |
| EQUALITY COMMUNITY HOUSING CORPORATION | Glendale | L21 Housing & Shelter | $17.9M | 0 |
| Planetary Science Institute | Tucson | — | $17.9M | 8 |
