Sanford Underground Research Facility Foundation

Analysis

Sanford Underground Research Facility Foundation is a registered charity in United States, based in Lead, SD. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sanford Underground Research Facility Foundation reported income of $196k and spending of $25k, leaving 87% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $391k to $196k (-50%), an average of -29% a year. The sharpest change came in the year to June 2022, when income dropped by 38%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sanford Underground Research Facility Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within SD. Charities of a similar size with the same main cause include Sugar Pine Foundation ($196k), Grove City Area United Way ($196k) and Mattawamkeag Housing Corp ($196k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $640k against liabilities of $0, net assets of $640k.