Gary Sinise Foundation

Analysis

Gary Sinise Foundation is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in October 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), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Gary Sinise Foundation reported income of $10.7m and spending of $15.9m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to March 2023, income fell from $42.9m to $10.7m (-75%), an average of -29% a year. The sharpest change came in the year to March 2023, when income dropped by 83%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gary Sinise Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include United Way California Capital Region ($10.7m), The Red Sox Foundation Inc ($10.7m) and Whatcom Community Foundation ($10.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $307k (1.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $77.5m against liabilities of $6.8m, net assets of $70.7m. It reported 69 employees.