Sb7 Support Foundation Inc

Analysis

Sb7 Support Foundation Inc is a registered charity in United States, based in Brooklyn, MD. It received its IRS tax-exemption ruling in December 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sb7 Support Foundation Inc reported income of $625k and spending of $883k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $625k (+481%), an average of +481% a year. The sharpest change came in the year to December 2023, when income rose by 481%. Over the whole period it spent 239% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sb7 Support Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Christa McAuliffe Charter School Foundation Inc ($624k), The Triangle Nonprofit & Volunteer Leadership Center ($625k) and Royale Oaks House of Hope ($624k).

At year end it held assets of $8.0m against liabilities of $0, net assets of $8.0m.