Tegan and Sara Foundation

Analysis

Tegan and Sara Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 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 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, Tegan and Sara Foundation reported income of $385k and spending of $355k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $576k to $385k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tegan and Sara Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Women of At&t Inc ($384k), Ramble on Productions ($385k) and Engineers Charitable TR ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. At year end it held assets of $283k against liabilities of $16k, net assets of $267k.