Sbam Foundation

Analysis

Sbam Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in May 2023, 3 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sbam Foundation reported income of $192k and spending of $207k, spending 108% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $158k to $192k (+21%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sbam Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include United Givers Fund of Dekalb County Alabama Inc ($192k), Lititz Area Community Chest ($192k) and Infused Impact Inc ($192k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.7m against liabilities of $1.7m, net assets of $7,677.