Sunica Inc

Analysis

Sunica Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2010, 16 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, Sunica Inc reported income of $857k and spending of $823k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $681k to $857k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sunica Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Indus Educational and Empowerment Foundation Inc ($857k), Handfuls of Hope Inc ($858k) and American Friends of the Jewish Community of Beijing Inc ($856k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $116k (14% of expenses). Other salaries and wages came to $64k. At year end it held assets of $292k against liabilities of $16k, net assets of $277k. It reported 5 employees.