Thomas C & Sandra S Sullivan Foundation

Analysis

Thomas C & Sandra S Sullivan Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thomas C & Sandra S Sullivan Foundation reported income of $261k and spending of $340k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $261k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 526%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas C & Sandra S Sullivan Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Lawsonville Volunteer Fire Department Inc ($261k), Banbury Cross Therapeutic Equestrian Center ($261k) and Racehorse Remember Me Rescue Foundation ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $5.1m against liabilities of $26k, net assets of $5.0m.