Stephens Children Foundation Inc

Analysis

Stephens Children Foundation Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1996, 30 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, Stephens Children Foundation Inc reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stephens Children Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Pasco Education Foundation Inc ($1.8m), National Christian Charitable Foundation Inc ($1.8m) and Nicks Kids Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $148k (8.0% of expenses). Other salaries and wages came to $25k. At year end it held assets of $494k against liabilities of $5,010, net assets of $489k. It reported 3 employees.