Sundt Foundation

Analysis

Sundt Foundation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in March 1999, 27 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 September 2023, Sundt Foundation reported income of $1.6m and spending of $1.5m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $999k to $1.6m (+64%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sundt Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include All Life Foundation ($1.6m), Schweitzer Family Foundation ($1.6m) and Peconic Hockey Foundation Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $538k against liabilities of $162k, net assets of $375k.