Strata Foundation Inc

Analysis

Strata Foundation Inc is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Strata Foundation Inc reported income of $137k and spending of $79k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $21k to $137k (+547%), an average of +547% a year. The sharpest change came in the year to December 2023, when income rose by 547%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Strata Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Matagorda County United Way ($137k), Magic City Bar Association ($137k) and Palozola Foundation ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 140% of the total. At year end it held assets of $115k against liabilities of $5,000, net assets of $110k.