Association of Small Foundations

Analysis

Association of Small Foundations is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Association of Small Foundations reported income of $3.5m and spending of $3.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.5m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Association of Small Foundations sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Chabad of Argentina Relief Appeal Inc ($3.5m), Meriter Foundation Inc ($3.5m) and Air Force Villages Charitable Foundation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $362k (9.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.1m against liabilities of $934k, net assets of $3.1m. It reported 17 employees.