San Antonio Area Foundation

Analysis

San Antonio Area Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 2002, 24 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, San Antonio Area Foundation reported income of $67.8m and spending of $47.0m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $132.0m to $67.8m (-49%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, San Antonio Area Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Greater Hartford Gives Foundation ($67.4m), Central Indiana Community Foundation Inc ($67.8m) and Fund for the City of New York Inc ($67.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $1.3m (2.8% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $594.2m against liabilities of $27.7m, net assets of $566.6m. It reported 52 employees.