Sweetser

Analysis

Sweetser is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Sweetser reported income of $55.4m and spending of $53.2m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $64.2m to $55.4m (-14%), an average of -4.8% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sweetser sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include St Vincent de Paul Society of Lane County Inc ($55.4m), Community Partnership for Children Inc ($55.6m) and Illumination Health Home ($55.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $363k (0.7% of expenses). Other salaries and wages came to $27.3m. At year end it held assets of $47.8m against liabilities of $9.4m, net assets of $38.4m. It reported 918 employees.