Software Assurance Forum for Excellence in Code

Analysis

Software Assurance Forum for Excellence in Code is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Software Assurance Forum for Excellence in Code reported income of $261k and spending of $252k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $478k to $261k (-45%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Software Assurance Forum for Excellence in Code sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Opera for the Young Inc ($261k), Suffolk County Music Educators Association Inc South Country Scho ($261k) and Dafmark Dance Theater ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $427k against liabilities of $106k, net assets of $321k.