Sya Foundation

Analysis

Sya Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sya Foundation reported income of $162k and spending of $150k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $284k to $162k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sya Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Wilmington Works Inc ($162k), Bend Northwest Non-Profit Corporation ($162k) and Charity Foundation ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 5.0% of the total. At year end it held assets of $300k against liabilities of $400, net assets of $300k.