Steven M Sorenson Foundation

Analysis

Steven M Sorenson Foundation is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Steven M Sorenson Foundation reported income of $146k and spending of $167k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $146k (+473%), an average of +473% a year. The sharpest change came in the year to December 2023, when income rose by 473%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steven M Sorenson Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Game Academy ($146k), Clover Garden School Athletic Boosters ($146k) and Camas Prairie Trapshooting Association Inc ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $3,241 against liabilities of $0, net assets of $3,241.