Sunycap Inc

Analysis

Sunycap Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sunycap Inc reported income of $82k and spending of $97k, spending 117% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $7,454 to $82k (+1005%), an average of +1005% a year. The sharpest change came in the year to August 2023, when income rose by 1005%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunycap Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Deer Park Housing Ltd ($82k), Buffalo County Citizen Advocacy Inc ($82k) and The Save the Old School Committee for a Library Community Center ($82k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.