Sloss Furnaces Foundation Inc

Analysis

Sloss Furnaces Foundation Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Sloss Furnaces Foundation Inc reported income of $738k and spending of $739k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $590k to $738k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sloss Furnaces Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include San Bernardino County Museum Association ($738k), Schnormeier Gardens Foundation ($739k) and Salt Creek Ballet Company ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $284k. At year end it held assets of $457k against liabilities of $3,233, net assets of $454k. It reported 33 employees.