Strategic Cultural Initiatives Inc

Analysis

Strategic Cultural Initiatives Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in October 2009, 17 years ago. 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, Strategic Cultural Initiatives Inc reported income of $437k and spending of $472k, spending 108% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $209k to $437k (+109%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Strategic Cultural Initiatives 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 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Fair Housing Center of Washington ($437k), Smokey House Center ($437k) and Clarion West ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $216k. It reported 7 employees.

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.