Social Alpha Innovation Foundation

Analysis

Social Alpha Innovation Foundation is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Social Alpha Innovation Foundation reported income of $636k and spending of $495k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $636k (+694%), an average of +694% a year. The sharpest change came in the year to December 2023, when income rose by 694%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Social Alpha Innovation Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Family Pictures Institute for Inclusive Storytelling Inc ($636k), The Center for Dynamic Learning Inc ($636k) and Quinlan Arts Inc ($636k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $201k against liabilities of $8,500, net assets of $193k.