Sostenica Inc

Analysis

Sostenica Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Sostenica Inc reported income of $63k and spending of $309k, spending 491% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $585k to $63k (-89%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 158% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sostenica Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Rabbcorp Foundation ($63k), Partnership Mexico Inc ($63k) and Sejong Korean School ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $733k against liabilities of $1.5m, net assets of -$777k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.