Suryoyo American Association Inc

Analysis

Suryoyo American Association Inc is a registered charity in United States, based in New Milford, NJ. It received its IRS tax-exemption ruling in May 2007, 19 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, Suryoyo American Association Inc reported income of $55k and spending of $36k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $61k to $55k (-9.4%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Suryoyo American Association Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Sound of Love Inc ($55k), Halftime Carolinas Inc ($55k) and Blue Fire Legacy ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.