Friends of the Stanford Daily Foundation

Analysis

Friends of the Stanford Daily Foundation is a registered charity in United States, based in Stanford, CA. It received its IRS tax-exemption ruling in August 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Stanford Daily Foundation reported income of $104k and spending of $79k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $73k to $104k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 632%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Stanford Daily 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 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Knoxville Academy of Medicine Auxiliary Philanthropic Fund ($104k), Today Is a New Day Recovery Home Inc ($104k) and Hendricks Civic Theatre Inc ($104k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $1.6m against liabilities of $28k, net assets of $1.6m.