Sarah Foundation Inc

Analysis

Sarah Foundation Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sarah Foundation Inc reported income of $913k and spending of $876k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $913k (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 110%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sarah Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Myles & Ruth Munroe Foundation ($913k), Spur Local Inc ($914k) and Msu Beaver Boosters Inc ($912k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 30% of the total. Other salaries and wages came to $264k. At year end it held assets of $4.4m against liabilities of $167k, net assets of $4.3m. It reported 6 employees.