Sia Foundation Inc

Analysis

Sia Foundation Inc is a registered charity in United States, based in Randolph, MA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Sia Foundation Inc reported income of $6.8m and spending of $3.4m, leaving 50% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $45.8m to $6.8m (-85%), an average of -62% a year. The sharpest change came in the year to December 2023, when income rose by 231%. Over the whole period it spent 12% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sia Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Hombre Nuevo ($6.8m), Georgia Family Connection Partnership Inc ($6.8m) and Studio Theatre Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $562k (16% of expenses). Other salaries and wages came to $711k. At year end it held assets of $42.6m against liabilities of $29k, net assets of $42.6m. It reported 7 employees.