State Forty Eight Foundation

Analysis

State Forty Eight Foundation is a registered charity in United States, based in Chandler, AZ. It received its IRS tax-exemption ruling in May 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 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, State Forty Eight Foundation reported income of $283k and spending of $289k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $125k to $283k (+127%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, State Forty Eight Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within AZ. Charities of a similar size with the same main cause include Anchorage Housing Initiatives Inc ($283k), United Way of Nelson County Inc ($283k) and Irvin Foundation ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 4.4% of the total. At year end it held assets of $34k against liabilities of $21k, net assets of $14k.