1857 Foundation Inc

Analysis

1857 Foundation Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, 1857 Foundation Inc reported income of $67k and spending of $4,382, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $256k to $67k (-74%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 1.0% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 1857 Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within AL. Charities of a similar size with the same main cause include Ligonier Valley Rail Road Association ($67k), Orion Chamber Ensemble ($67k) and Foundation of the Arkansas Sports Hall of Fame ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 202% of the total. At year end it held assets of $2.0m against liabilities of $175k, net assets of $1.8m.