SG Foundation Inc

Analysis

SG Foundation Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, SG Foundation Inc reported income of $65k and spending of $146k, spending 225% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $92k to $65k (-29%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 142% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SG Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Wolverine Boys Basketball Booster Club ($65k), Quartz Hill High School Band and Auxiliary Booster Club ($65k) and Spencer Tailtwister Booster Club ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $2.4m against liabilities of $750, net assets of $2.4m.

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.