Underground Foundations

Analysis

Underground Foundations is a registered charity in United States, based in Saugerties, NY. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 January 2024, Underground Foundations reported income of $55k and spending of $65k, spending 118% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income fell from $57k to $55k (-3.1%), an average of -3.1% a year. Over the whole period it spent 110% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Underground Foundations 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 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Venice Area Audubon Society Inc ($55k), National Scenic Byway Foundation ($55k) and Eldorado National Forest Interpretive Association ($55k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.