Sloane Stephens Foundation Inc

Analysis

Sloane Stephens Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Sloane Stephens Foundation Inc reported income of $417k and spending of $382k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $958k to $417k (-57%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sloane Stephens Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Advantage Cleveland Tennis and Education Inc ($417k), Big Cat Basketball League ($417k) and New Life Island ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $125k. It paid $58k in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $455, net assets of $3.1m. It reported 17 employees.