Sitare Foundation

Analysis

Sitare Foundation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Sitare Foundation reported income of $4.1m and spending of $4.1m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $17.1m to $4.1m (-76%), an average of -38% a year. The sharpest change came in the year to December 2021, when income dropped by 83%. Over the whole period it spent 27% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sitare Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include American Friends of Genesis Jerusalem Inc ($4.0m), Junior Achievement USA ($4.1m) and Netherland-America Foundation Incorporated ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $27.3m against liabilities of $5.2m, net assets of $22.1m.