Sundara Non-Profit Housing Corp

Analysis

Sundara Non-Profit Housing Corp is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in April 1978, 48 years ago. 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 2022, Sundara Non-Profit Housing Corp reported income of $791k and spending of $749k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $560k to $791k (+41%), an average of +12% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sundara Non-Profit Housing Corp sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Central Kentucky Riding for Hope Inc ($791k), Martina Spiritual Renewal Center Inc ($791k) and Internet Education Foundation ($791k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 74% and program service revenue 25% of the total. Other salaries and wages came to $523k. At year end it held assets of $655k against liabilities of $35k, net assets of $620k. It reported 15 employees.