Sam Foundation Inc

Analysis

Sam Foundation Inc is a registered charity in United States, based in Fort Payne, AL. It received its IRS tax-exemption ruling in March 2018, 8 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, Sam Foundation Inc reported income of $221k and spending of $227k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $78k to $221k (+183%), an average of +68% a year. The sharpest change came in the year to December 2022, when income rose by 168%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sam Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AL. Charities of a similar size with the same main cause include Jane and Arthur Flippo Endowment Foundation ($221k), Staten Island Giving Circle Inc ($221k) and Rauch Foundation Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $72k (32% of expenses). Other salaries and wages came to $6,576. At year end it held assets of $78k against liabilities of $8,141, net assets of $70k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.