Scranton Area Foundation Inc

Analysis

Scranton Area Foundation Inc is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in August 1997, 29 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, Scranton Area Foundation Inc reported income of $12.5m and spending of $8.2m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $12.5m (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Scranton Area Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include CNM Ingenuity Incoproration ($12.5m), Community Foundation of South Georgia Inc ($12.5m) and Cumberland Community Foundation Inc ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $193k (2.4% of expenses). Other salaries and wages came to $725k. At year end it held assets of $63.4m against liabilities of $5.6m, net assets of $57.8m. It reported 16 employees.