Split Second Foundation Inc

Analysis

Split Second Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Split Second Foundation Inc reported income of $766k and spending of $739k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $278k to $766k (+175%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Split Second Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Wilson County Substance Abuse Coalition ($766k), Irvington Counseling Collective Inc ($766k) and Camden County Council on Alcoholism & Drug Abuse Inc ($766k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $65k (8.8% of expenses). Other salaries and wages came to $378k. It paid $50k in professional fundraising fees. At year end it held assets of $213k against liabilities of $190k, net assets of $24k. It reported 9 employees.