Advance Foundation

Analysis

Advance Foundation is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in March 1988, 38 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 June 2024, Advance Foundation reported income of $297k and spending of $279k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $193k to $297k (+54%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Advance Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within SD. Charities of a similar size with the same main cause include Living Resources Foundation Inc ($297k), United for Turkey Inc ($297k) and Silver Run Skiing Foundation ($297k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% and program service revenue 89% of the total. At year end it held assets of $960k against liabilities of $128k, net assets of $832k.