Amare Stoudemire Foundation

Analysis

Amare Stoudemire Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2005, 21 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, Amare Stoudemire Foundation reported income of $79k and spending of $50k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $79k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Amare Stoudemire Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within AZ. Charities of a similar size with the same main cause include South Burlington Rotary Charities Inc ($79k), Vintage Transporter Owners Foundation Inc ($79k) and Comedy Hall of Fame Foundation ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.