Sikh Foundation of Syracuse

Analysis

Sikh Foundation of Syracuse is a registered charity in United States, based in Liverpool, NY. It received its IRS tax-exemption ruling in March 1994, 32 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sikh Foundation of Syracuse reported income of $77k and spending of $44k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $77k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sikh Foundation of Syracuse sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Laurinburg Normal & Industrial Institute Inc ($77k), Little League Baseball Inc ($77k) and The Bill Library Asscociation Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $312k against liabilities of $0, net assets of $312k.