Sim Foundation

Analysis

Sim Foundation is a registered charity in United States, based in Mount Laurel, NJ. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sim Foundation reported income of $96k and spending of $81k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $96k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sim Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include LGBTQ Focus Foundation Corporation ($96k), Assistance League of Marshalltown Inc ($96k) and Boost the Boro ($96k).

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 $96k against liabilities of $34k, net assets of $62k.