Sault Ste Marie Foundation for Culture and History

Analysis

Sault Ste Marie Foundation for Culture and History is a registered charity in United States, based in Sault Ste Marie, MI. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Sault Ste Marie Foundation for Culture and History reported income of $91k and spending of $69k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $91k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sault Ste Marie Foundation for Culture and History sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Upsculpt Inc ($91k), Indian Culture Society of NJ Inc ($91k) and Japanese Assoc of Greater Boston Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. At year end it held assets of $151k against liabilities of $32k, net assets of $119k.