Suncom Industries Inc

Analysis

Suncom Industries Inc is a registered charity in United States, based in Northumberlnd, PA. It received its IRS tax-exemption ruling in November 1966, 60 years ago. 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 June 2023, Suncom Industries Inc reported income of $5.5m and spending of $5.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.5m to $5.5m (-42%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suncom Industries Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Family Centered Services of CT ($5.5m), Greater Metro Parks Foundation ($5.5m) and Pacific Bankers Management Institute ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $81k (1.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $5.5m against liabilities of $617k, net assets of $4.9m. It reported 224 employees.