Sior Foundation

Analysis

Sior Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1965, 61 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Sior Foundation reported income of $663k and spending of $568k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $585k to $663k (+13%), an average of +3.2% a year. The sharpest change came in the year to August 2022, when income rose by 193%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sior Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include Near West Side Initiative Inc ($663k), Emmanuel Communities Inc ($663k) and Placemade ($663k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $89k. At year end it held assets of $7.2m against liabilities of $117k, net assets of $7.1m.