Sterling Foundation

Analysis

Sterling Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Sterling Foundation reported income of $750k and spending of $97k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $79k to $750k (+848%), an average of +848% a year. The sharpest change came in the year to December 2022, when income rose by 848%. Over the whole period it spent 21% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sterling Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include Bionorthtexas Foundation ($749k), Bostonian Foundation Inc ($750k) and Sunflower Hill ($749k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $964k against liabilities of $0, net assets of $964k.