Sb3c Foundation Inc

Analysis

Sb3c Foundation Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, Sb3c Foundation Inc reported income of $443k and spending of $519k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $443k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sb3c Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Zocalo Public Square ($443k), West Virginia Creative Network Inc ($443k) and Gabriela Lena Frank Creative Academy for Music ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.