Stephen Siller Tunnel to Towers Foundation

Analysis

Stephen Siller Tunnel to Towers Foundation is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stephen Siller Tunnel to Towers Foundation reported income of $373.0m and spending of $272.2m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.0m to $373.0m (+712%), an average of +69% a year. The sharpest change came in the year to December 2020, when income rose by 147%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stephen Siller Tunnel to Towers Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Providence College ($372.9m), Kentucky Medical Services Foundation Inc ($373.7m) and Somerset Academy Inc ($372.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Other salaries and wages came to $16.9m. At year end it held assets of $431.5m against liabilities of $113.7m, net assets of $317.9m. It reported 283 employees.