Sorsby Foundation

Analysis

Sorsby Foundation is a registered charity in United States, based in Hazel Crest, IL. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sorsby Foundation reported income of $325k and spending of $280k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2024, income grew from $117k to $325k (+177%), an average of +177% a year. The sharpest change came in the year to June 2024, when income rose by 177%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sorsby Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Education Service Center Region 12 Technology Foundation ($325k), Center for Pregnancy Choices of Meridian Inc ($325k) and Knitting Guild Association ($325k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (23% of expenses). Other salaries and wages came to $45k. At year end it held assets of $61k against liabilities of $2,447, net assets of $58k. It reported 4 employees.