Sandy Hook Promise Foundation

Analysis

Sandy Hook Promise Foundation is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 June 2023, Sandy Hook Promise Foundation reported income of $31.6m and spending of $20.5m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.9m to $31.6m (+190%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 76% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Sandy Hook Promise Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Purpose Dignity Action ($31.1m), T I M E Organization Inc ($31.7m) and Waymakers ($31.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $1.1m (5.6% of expenses). Other salaries and wages came to $7.0m. It paid $606k in professional fundraising fees. At year end it held assets of $32.7m against liabilities of $1.6m, net assets of $31.1m. It reported 126 employees.