Friends of School of the Art Foundation

Analysis

Friends of School of the Art Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in November 2000, 26 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 June 2024, Friends of School of the Art Foundation reported income of $209k and spending of $250k, spending 120% of what it took in. Across the 4 years on record, from June 2019 to June 2024, income fell from $774k to $209k (-73%), an average of -35% a year. The sharpest change came in the year to June 2022, when income dropped by 86%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of School of the Art Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Summit Bank Foundation ($209k), Halff Community Initiative ($209k) and You First Foundation ($209k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $483k against liabilities of $72k, net assets of $410k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.