Svara

Analysis

Svara is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Svara reported income of $1.5m and spending of $2.2m, spending 144% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $941k to $1.5m (+59%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Svara sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Georgia Islamic Institute of Religious & Social Sciences Inc ($1.5m), Jewish Community Center of the Delaware Valley ($1.5m) and Islaminspanish Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $375k (17% of expenses). Other salaries and wages came to $952k. At year end it held assets of $251k against liabilities of $70k, net assets of $181k. It reported 19 employees.