Under the Same Sun Foundation USA

Analysis

Under the Same Sun Foundation USA is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in September 2010, 16 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).

In the financial year ending June 2024, Under the Same Sun Foundation USA reported income of $553k and spending of $493k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $396k to $553k (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Under the Same Sun Foundation USA sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile. Charities of a similar size with the same main cause include Social Venture Partners ($553k), Westfield Memorial Hospital Foundation Inc ($553k) and Subramaniam Charitable Foundation ($553k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $247k against liabilities of $122k, net assets of $125k.