Sitrin Foundation Inc

Analysis

Sitrin Foundation Inc is a registered charity in United States, based in New Hartford, NY. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sitrin Foundation Inc reported income of $202k and spending of $225k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $202k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 138% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sitrin Foundation Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Affect Real Change Inc ($202k), Promiss ($202k) and Mother Teresa Hospice Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $682k, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.