Sonora Area Foundation

Analysis

Sonora Area Foundation is a registered charity in United States, based in Sonora, CA. It received its IRS tax-exemption ruling in April 1994, 32 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 December 2023, Sonora Area Foundation reported income of $2.7m and spending of $1.9m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.7m (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sonora Area Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Brewers Community Foundation ($2.7m), Mt Pleasant Area Community Foundation Inc ($2.7m) and Nashville State Community College Foundation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $157k (8.1% of expenses). Other salaries and wages came to $96k. At year end it held assets of $19.5m against liabilities of $170k, net assets of $19.4m. It reported 4 employees.