Slam Foundation Inc

Analysis

Slam Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Slam Foundation Inc reported income of $14.4m and spending of $16.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $14.4m (+134%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Slam Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Samuel a Fryer Yavneh Academy ($14.4m), Extera Public Schools ($14.4m) and International Education and Community Initiatives ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Other salaries and wages came to $418k. At year end it held assets of $12.7m against liabilities of $10.8m, net assets of $1.9m.