SFMV Inc

Analysis

SFMV Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, SFMV Inc reported income of $192k and spending of $211k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $186k to $192k (+3.2%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, SFMV Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Ebenezer Social Action & Community Development Enterprise ($192k), Carroll County Soup Kitchen Inc ($192k) and Agape Hands ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $62k against liabilities of $792, net assets of $61k.