SS American Memorial Foundation

Analysis

SS American Memorial Foundation is a registered charity in United States, based in Seguin, TX. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, SS American Memorial Foundation reported income of $58k and spending of $91k, spending 158% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $188k to $58k (-69%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, SS American Memorial Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include United Township Foundation ($58k), Society for Preservation & Encourmt of Barbershop Quartet Singing Amer ($58k) and Tern Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $6,407, net assets of $73k.