| 1 | Grand Canyon University Phoenix | $2.0B | $2.0B | $2.1B |
| 2 | Arizona State University Foundation for a New American University Tempe | $882.8M | $276.1M | $2.0B |
| 3 | University of Arizona Foundation Tucson | $462.6M | $248.0M | $1.8B |
| 4 | Basis Charter Schools INC Scottsdale | $176.3M | $176.1M | $330.6M |
| 5 | American Leadership Academy INC Mesa | $158.0M | $158.0M | $551.2M |
| 6 | Flinn Foundation Phoenix | $121.6M | $0 | $263.1M |
| 7 | Greaswood Springs Community School INC Ganado | $93.6M | $93.6M | $98.1M |
| 8 | Asu Preparatory Academy Tempe | $82.4M | $82.4M | $45.9M |
| 9 | Edkey INC Mesa | $75.0M | $74.9M | $145.8M |
| 10 | Lincoln Institute of Land Policy Phoenix | $59.5M | $0 | $774.4M |
| 11 | Verano Learning Partners Chandler | $54.4M | $9.5M | $49.7M |
| 12 | Leman Academy of Excellence INC Tucson | $54.2M | $54.2M | $141.1M |
| 13 | Arizona Christian University Glendale | $52.6M | $52.5M | $65.6M |
| 14 | American Charter Schools Foundation Phoenix | $51.8M | $51.8M | $95.3M |
| 15 | Phoenix Country Day School Paradise Vly | $49.1M | $31.1M | $98.1M |
| 16 | Arizona Leadership Foundation INC Scottsdale | $48.5M | $48.5M | $16.6M |
| 17 | Legacy Traditional Schools - Nevada INC Chandler | $47.8M | $47.6M | $97.3M |
| 18 | Child Parent Centers INC Tucson | $46.9M | $46.9M | $19.1M |
| 19 | Arizona Christian School Tuition Organization INC Chandler | $45.4M | $45.4M | $36.5M |
| 20 | Greathearts Arizona Phoenix | $44.4M | $44.1M | $255.2M |
| 21 | Asu Enterprise Partners Tempe | $38.6M | $14.1M | $368.0M |
| 22 | Legacy Traditional School-surprise Chandler | $37.9M | $24.5M | $35.8M |
| 23 | Arizona Autism Charter Schools INC Phoenix | $36.2M | $36.2M | $52.2M |
| 24 | Benjamin Franklin Charter School - Queen Creek Gilbert | $33.8M | $33.7M | $89.7M |
| 25 | Arizona Tuition Connection INC Scottsdale | $33.6M | $33.6M | $70.9M |
| 26 | National Institute for Excellence in Teaching Scottsdale | $33.6M | $33.6M | $53.6M |
| 27 | Paragon Management Surprise | $33.3M | $33.3M | $66.1M |
| 28 | Odyssey Preparatory Academy INC Buckeye | $32.2M | $32.2M | $72.6M |
| 29 | Campus Research Corporation Tucson | $31.3M | $31.3M | $46.7M |
| 30 | Daisy Education Corporation Tempe | $31.2M | $31.2M | $44.3M |
| 31 | Gilbert Christian Schools INC Gilbert | $31.0M | $30.5M | $23.9M |
| 32 | Arizona Community Development Corporation Tucson | $30.4M | $30.4M | $27.7M |
| 33 | Northern Arizona University Fdn INC Flagstaff | $29.6M | $27.2M | $310.5M |
| 34 | Asu Prep Global Academy Tempe | $29.0M | $29.0M | $26.4M |
| 35 | Legacy Traditional School-casa Grande Chandler | $27.7M | $17.6M | $35.9M |
| 36 | Tohono O Odham Community College Sells | $27.4M | $27.1M | $38.5M |
| 37 | Institute for Better Education Tucson | $25.5M | $25.5M | $50.8M |
| 38 | Legacy Traditional School-phoenix Chandler | $25.1M | $15.8M | $41.7M |
| 39 | Catholic Education Arizona Phoenix | $24.7M | $24.7M | $41.1M |
| 40 | The American College of the Mediterranean Tempe | $24.4M | $22.5M | $19.5M |
| 41 | Legacy Traditional School-glendale Chandler | $24.0M | $15.0M | $22.5M |
| 42 | School of Excellence in Education Chandler | $24.0M | $22.8M | $109.3M |
| 43 | Legacy Traditional School- Northwest Tucson INC Chandler | $22.9M | $14.7M | $24.4M |
| 44 | Liberty Tradition Charter School Tucson | $22.6M | $22.6M | $23.2M |
| 45 | Scottsdale Christian Academy INC Phoenix | $22.6M | $22.4M | $14.1M |
| 46 | Pusch Ridge Christian Academy INC Tucson | $22.2M | $22.1M | $35.6M |
| 47 | Accel Phoenix | $21.3M | $21.3M | $25.8M |
| 48 | Academy of Math & Science INC Tempe | $21.0M | $21.0M | $51.8M |
| 49 | Arizona Connections Academy Charter School Mesa | $21.0M | $21.0M | $13.4M |
| 50 | Valley Christian Schools Chandler | $20.8M | $20.6M | $53.9M |