STS Foundation Inc

Analysis

STS Foundation Inc is a registered charity in United States, based in Southbury, CT. It received its IRS tax-exemption ruling in July 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, STS Foundation Inc reported income of $463k and spending of $159k, leaving 66% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $641k to $463k (-28%), an average of -7.8% a year. The sharpest change came in the year to October 2023, when income rose by 1043%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, STS Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Highland Belle Booster Club Inc ($462k), Poway High Foundation ($463k) and Chattahoochee High School Athletic Booster Association Inc ($462k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.2m against liabilities of $7,970, net assets of $1.2m. It reported 1 employees.