Sunago Inc

Analysis

Sunago Inc is a registered charity in United States, based in El Mirage, AZ. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sunago Inc reported income of $169k and spending of $201k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $308k to $169k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sunago Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within AZ. Charities of a similar size with the same main cause include Circle of Friends of Connecticut Inc ($169k), G O O D for Girls ($169k) and Lake Eustis Youth Sailing Foundation Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $36k (18% of expenses). Other salaries and wages came to $97k. At year end it held assets of $470k against liabilities of $103, net assets of $470k. It reported 2 employees.