Sandia Foundation

Analysis

Sandia Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sandia Foundation reported income of $6.1m and spending of $5.2m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.2m to $6.1m (+18%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sandia Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include Queens College Auxiliary Enterprises Corporation ($6.1m), Oklahoma State University Research Foundation Inc ($6.1m) and Crestview Preparatory School ($6.1m).

Compensation of current officers, directors and key employees was $277k (5.4% of expenses). Other salaries and wages came to $158k. At year end it held assets of $106.7m against liabilities of $5.8m, net assets of $100.9m. It reported 4 employees.