Sigma Sigma Sigma Foundation

Analysis

Sigma Sigma Sigma Foundation is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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 June 2023, Sigma Sigma Sigma Foundation reported income of $818k and spending of $891k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $833k to $818k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sigma Sigma Sigma Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($818k), Texas County Food Pantry Inc ($818k) and Cecilton Vol Fire Co Inc ($818k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $126k (14% of expenses). Other salaries and wages came to $241k. At year end it held assets of $2.7m against liabilities of $316k, net assets of $2.3m. It reported 6 employees.