Sam Risso Foundation Inc

Analysis

Sam Risso Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sam Risso Foundation Inc reported income of $151k and spending of $155k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $151k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sam Risso Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Spring Creek Ministries ($151k), Charwick Study Center Inc ($151k) and Bedford Community Table-Pantry Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 97% of the total. At year end it held assets of $2,479 against liabilities of $0, net assets of $2,479.