Sj5k Foundation

Analysis

Sj5k Foundation is a registered charity in United States, based in Canton, MI. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sj5k Foundation reported income of $113k and spending of $105k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $97k to $113k (+17%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sj5k Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Klamath Freedom Foundation ($113k), Saira Hospitality Inc ($113k) and Asian American Resource Foundation Inc ($113k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 53% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.