Silver Cross Foundation

Analysis

Silver Cross Foundation is a registered charity in United States, based in New Lenox, IL. It received its IRS tax-exemption ruling in July 1982, 44 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 September 2023, Silver Cross Foundation reported income of $1.4m and spending of $819k, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $630k to $1.4m (+126%), an average of +23% a year. The sharpest change came in the year to September 2021, when income rose by 106%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver Cross Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Germantown Christian Counseling Center Inc ($1.4m), Sevier County Council on Aging ($1.4m) and St Joseph Public Schools Foundation ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $2.3m against liabilities of $466k, net assets of $1.8m.