Swedishamerican Foundation

Analysis

Swedishamerican Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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 June 2023, Swedishamerican Foundation reported income of $616k and spending of $762k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $616k (-70%), an average of -26% a year. The sharpest change came in the year to June 2023, when income dropped by 63%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swedishamerican Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include St Louis Eagles Basketball Club ($616k), Friends of the Davenport Public Library ($616k) and Bacot McCarty Foundation ($616k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $133k (17% of expenses). Other salaries and wages came to $5,571. At year end it held assets of $19.7m against liabilities of $551k, net assets of $19.1m.