Al Sigl Foundation Inc

Analysis

Al Sigl Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1998, 28 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 December 2023, Al Sigl Foundation Inc reported income of $3.3m and spending of $2.5m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.3m (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Al Sigl Foundation Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Legacy Properties of the Community Foundation of Hancock County Inc ($3.3m), Discovery Land Company Foundation ($3.3m) and BMCC Foundation Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $33.1m against liabilities of $1.1m, net assets of $31.9m.