Sands Family Supporting Foundation Inc

Analysis

Sands Family Supporting Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Sands Family Supporting Foundation Inc reported income of $12.7m and spending of $7.1m, leaving 44% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $3.0m to $12.7m (+320%), an average of +61% a year. The sharpest change came in the year to March 2021, when income rose by 79%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sands Family Supporting Foundation Inc 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 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Albuquerque Community Foundation ($12.7m), United Way of Tucson and Southern Arizona Inc ($12.7m) and United Way of Southern Nevada Inc ($12.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $101.3m against liabilities of $5.3m, net assets of $96.0m.