Silas Alexander Sharpe Foundation Inc

Analysis

Silas Alexander Sharpe Foundation Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Silas Alexander Sharpe Foundation Inc reported income of $137k and spending of $156k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $137k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silas Alexander Sharpe Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Ballet Womens Committee Inc ($137k), El Camino Real de Los Tejasnational Historic Trail Association ($137k) and Enzyme Mechanisms Conference Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.