Sweetwater Foundation Inc

Analysis

Sweetwater Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Sweetwater Foundation Inc reported income of $1.1m and spending of $787k, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $343k to $1.1m (+231%), an average of +27% a year. The sharpest change came in the year to December 2019, when income rose by 325%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sweetwater Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Global for Good Fund Inc ($1.1m), Generous Life Foundation ($1.1m) and In-Sight ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Other salaries and wages came to $356k. At year end it held assets of $3.6m against liabilities of $17k, net assets of $3.6m. It reported 11 employees.