The Side-Out Foundation

Analysis

The Side-Out Foundation is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in December 2005, 21 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 March 2024, The Side-Out Foundation reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.3m to $1.4m (+1.2%), an average of +0.2% a year. The sharpest change came in the year to March 2022, when income rose by 186%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Side-Out Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Village Learning Place Inc ($1.4m), Strategies for Children Inc ($1.4m) and Nebraska Center for Workforce Development and Education ($1.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $220k (19% of expenses). Other salaries and wages came to $278k. At year end it held assets of $2.1m against liabilities of $247k, net assets of $1.9m. It reported 9 employees.