Deloitte Foundation

Analysis

Deloitte Foundation is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in January 1943, 83 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 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, Deloitte Foundation reported income of $26.4m and spending of $26.1m, spending 99% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $13.2m to $26.4m (+100%), an average of +19% a year. The sharpest change came in the year to May 2021, when income rose by 302%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Deloitte Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Jewish Federation of South Palm Beach County Inc ($26.4m), Crown Family Foundation ($26.4m) and Milwaukee Jewish Federation Inc ($26.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $59.1m against liabilities of $54.0m, net assets of $5.2m.