Society of American Archivists Foundation

Analysis

Society of American Archivists Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Society of American Archivists Foundation reported income of $268k and spending of $130k, leaving 52% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $140k to $268k (+91%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 83%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Society of American Archivists Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Concordia University Foundation ($268k), Evanston-Skokie District 65 Education Foundation ($268k) and Aaem Foundation Inc ($268k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.