Siop Foundation Inc

Analysis

Siop Foundation Inc is a registered charity in United States, based in Drayton, SC. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Siop Foundation Inc reported income of $83k and spending of $24k, leaving 71% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $207k to $83k (-60%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Siop Foundation Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 38th percentile within SC. Charities of a similar size with the same main cause include St Aloysius Home & School Association Inc ($83k), Orlando Math Circle Inc ($83k) and North Carolina Mock Trial Program ($83k).

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 $350k against liabilities of $0, net assets of $350k.