Siembida & Boggs Philanthropic Foundation

Analysis

Siembida & Boggs Philanthropic Foundation is a registered charity in United States, based in Leetonia, OH. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Siembida & Boggs Philanthropic Foundation reported income of $60k and spending of $56k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $14k to $60k (+312%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 403%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Siembida & Boggs Philanthropic Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within OH. Charities of a similar size with the same main cause include Hudson Benchwarmers Club Inc ($60k), Lacrosse Club of Springfield ($60k) and Blaine Wrestling Association ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.