Sigma Alpha Mu Foundation

Analysis

Sigma Alpha Mu Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1944, 82 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 May 2023, Sigma Alpha Mu Foundation reported income of $848k and spending of $785k, spending 93% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $765k to $848k (+11%), an average of +3.5% a year. The sharpest change came in the year to May 2022, when income rose by 26%. 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, Sigma Alpha Mu Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Larchmont-Mamaroneck Fields for Kids Inc ($848k), Upper Midwest Security Alliance Foundation ($849k) and Huber Foundation ($848k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $54k (6.9% of expenses). Other salaries and wages came to $108k. At year end it held assets of $10.4m against liabilities of $353k, net assets of $10.1m. It reported 3 employees.