Sequoia Foundation

Analysis

Sequoia Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 1985, 41 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, Sequoia Foundation reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sequoia Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Alexander and Eva Nemeth Foundation Inc ($1.5m), United Way of Marion Co Inc ($1.5m) and National Institute Forpharmaceutical Technology and Educa ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $48k (3.3% of expenses). Other salaries and wages came to $564k. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $596k. It reported 11 employees.