Sophia Foundation

Analysis

Sophia Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 1995, 31 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, Sophia Foundation reported income of $81k and spending of $101k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $74k to $81k (+9.1%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sophia Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Webster City Community School Foundation ($81k), From the Pulpit ($81k) and Power of 100 Foundation - Canadian County Ok LLC ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 32% of the total. At year end it held assets of $145k against liabilities of $9,965, net assets of $135k.