Spm Foundation Inc

Organization Overview

Spm Foundation Inc is located in Bethesda, MD. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spm Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Spm Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 13.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Spm Foundation Inc has awarded 276 individual grants totaling $2,233,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $295,128
Interest on Savings $0
Dividends & Interest $83,728
Net Rental Income$0
Net Gain on Sale of Assets $1,479,844
Capital Gain Net Income $1,479,844
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $45,622
Total Revenue $1,904,322

Grants Awarded

Over the last fiscal year, Spm Foundation Inc has awarded $1,247,000 in support to 140 organizations.

Grant RecipientAmount

MAKIAH'S HOPE FOUNDATION

PURPOSE: SUPPORT SERVICES

$439,000

RILEY CHILDREN'S FOUNDATION

PURPOSE: SUPPORT SERVICES

$40,000

ST ANN'S CENTER FOR CHILDREN

PURPOSE: SUPPORT SERVICES

$32,000

CATHOLIC CHARITIES

PURPOSE: SUPPORT SERVICES

$30,000

WOODSTOCK FOUNDATION

PURPOSE: SUPPORT SERVICES

$30,000

Indianapolis, IN

PURPOSE: SUPPORT SERVICES

$30,000
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