Sons of Norway Foundation

Analysis

Sons of Norway Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1967, 59 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Sons of Norway Foundation reported income of $866k and spending of $607k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $866k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 47% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sons of Norway Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Worlds Children ($866k), Africa New Day Inc ($868k) and Phoenix Committee on Foreign Relations ($866k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $285k (47% of expenses). At year end it held assets of $11.8m against liabilities of $74k, net assets of $11.7m.