Sumanda Inc

Analysis

Sumanda Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2003, 23 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 (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, Sumanda Inc reported income of $271k and spending of $364k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $912k to $271k (-70%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 120% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sumanda Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include West Cook County Youth Club Inc ($270k), LA Hermandad Hank Lacayo Youth and Family Center ($271k) and Ccdi Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $3,000 (0.8% of expenses). Other salaries and wages came to $151k. At year end it held assets of $230k against liabilities of $608k, net assets of -$378k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.