Site Foundation

Analysis

Site Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2008, 18 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Site Foundation reported income of $2.0m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $891k to $2.0m (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 465%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Site Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Boonslick Industries Inc ($2.0m), North Louisiana Economic Partnership Inc ($2.0m) and Our City Reading Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.6m against liabilities of $100k, net assets of $1.5m.