Swedenborg Foundation Inc

Analysis

Swedenborg Foundation Inc is a registered charity in United States, based in Royersford, PA. It received its IRS tax-exemption ruling in April 1938, 88 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Swedenborg Foundation Inc reported income of $2.2m and spending of $2.9m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.2m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 134% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Swedenborg Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Truth at Work Inc ($2.2m), Maclellan Center for Global Christian Education ($2.2m) and Efrat Development Foundation USA ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $1.5m (52% of expenses). At year end it held assets of $17.7m against liabilities of $76k, net assets of $17.7m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.