Sturge-Weber Foundation

Analysis

Sturge-Weber Foundation is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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 June 2023, Sturge-Weber Foundation reported income of $427k and spending of $440k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $675k to $427k (-37%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 53%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sturge-Weber Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Noah Webster Educational Foundation ($427k), Cullman Regional Medical Center Foundation Inc ($427k) and Boy Scouts of America ($427k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $89k (20% of expenses). Other salaries and wages came to $63k. At year end it held assets of $421k against liabilities of $71k, net assets of $349k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.