Slingshot Fund Inc

Analysis

Slingshot Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2015, 11 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, Slingshot Fund Inc reported income of $535k and spending of $782k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $685k to $535k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Slingshot Fund Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include United Way of Toombs Montgomery Counties Inc ($534k), South Cumberland Community Fund ($535k) and Wood River Womens Foundation ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $236k (30% of expenses). Other salaries and wages came to $175k. At year end it held assets of $704k against liabilities of $91k, net assets of $613k. It reported 4 employees.