Kate Svitek Memorial Foundation

Analysis

Kate Svitek Memorial Foundation is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in July 2002, 24 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, Kate Svitek Memorial Foundation reported income of $185k and spending of $220k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $178k to $185k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kate Svitek Memorial Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Richmond Region Tourism Foundation ($184k), Keaukaha Community Association ($185k) and The Clarence Demar Marathon Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.