Sankaty Head Foundation Inc

Analysis

Sankaty Head Foundation Inc is a registered charity in United States, based in Siasconset, MA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sankaty Head Foundation Inc reported income of $1.5m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sankaty Head Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Hands on Central California ($1.5m), Hockey Ministries International ($1.5m) and St Johns Two ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 0.6% of the total. Other salaries and wages came to $314k. At year end it held assets of $10.3m against liabilities of $6,931, net assets of $10.3m.