Squareup Foundation Inc

Analysis

Squareup Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, Squareup Foundation Inc reported income of $74k and spending of $70k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $74k (+14%), an average of +14% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Squareup Foundation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Alpena Figure Skating Club Inc ($74k), Drew Memorial Health Foundation ($74k) and National Ambucs Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.