Scimitar Foundation Inc

Analysis

Scimitar Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 1995, 31 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 March 2024, Scimitar Foundation Inc reported income of $187k and spending of $227k, spending 122% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $72k to $187k (+158%), an average of +21% a year. The sharpest change came in the year to March 2020, when income rose by 77%. Over the whole period it spent 147% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Scimitar Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within WI. Charities of a similar size with the same main cause include Amigos de Los Ninos ($186k), Helping Hand Society ($187k) and Combined Baker Trust ($186k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 33% of the total. At year end it held assets of $899k against liabilities of $78k, net assets of $822k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.