Subway Cares Foundation Inc

Analysis

Subway Cares Foundation Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in July 2021, 5 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, Subway Cares Foundation Inc reported income of $812k and spending of $453k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.3m to $812k (-65%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Subway Cares Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Fort Worth Public Library Foundation ($812k), Rescuecalifornia Education Foundation ($812k) and Mary Welch Memorial Charitable Trust ($811k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $3.1m against liabilities of $250k, net assets of $2.8m.