Sterling Charitable Gift Fund TR

Analysis

Sterling Charitable Gift Fund TR is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in May 2000, 26 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, Sterling Charitable Gift Fund TR reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 278%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sterling Charitable Gift Fund TR sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Benson Family Foundation ($1.5m), The Children Deserve a Chance Foundation ($1.5m) and Acm Lifting Lives ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $20.9m against liabilities of $800k, net assets of $20.1m.