Sarah Michelle Peterson Foundation

Analysis

Sarah Michelle Peterson Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 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 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, Sarah Michelle Peterson Foundation reported income of $145k and spending of $169k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $145k (+253%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sarah Michelle Peterson Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Banfield Better Together Fund ($145k), Baker Family Foundation of California ($145k) and Llano Crawfish Open Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $62k (36% of expenses). Other salaries and wages came to $52k. At year end it held assets of $24k against liabilities of $0, net assets of $24k. It reported 4 employees.