Saranam LLC

Analysis

Saranam LLC is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Saranam LLC reported income of $2.7m and spending of $1.8m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.7m (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 304%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saranam LLC sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NM. Charities of a similar size with the same main cause include MP Preservation Inc ($2.7m), Maple Grove Development Corporation I ($2.7m) and Ozanam Inn ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $139k (7.7% of expenses). Other salaries and wages came to $545k. At year end it held assets of $9.7m against liabilities of $1.1m, net assets of $8.6m. It reported 16 employees.