Surety Foundation Incorporated

Analysis

Surety Foundation Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2005, 21 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, Surety Foundation Incorporated reported income of $203k and spending of $66k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $203k (+241%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Surety Foundation Incorporated sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 30th percentile within DC. Charities of a similar size with the same main cause include Israel America Foundation Inc ($203k), Gator Bowl Sports Charities Inc ($203k) and Frances Pope Memorial Foundation Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.