Sub Stance Incorporated

Analysis

Sub Stance Incorporated is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 1974, 52 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 2023, Sub Stance Incorporated reported income of $74k and spending of $43k, leaving 43% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $48k to $74k (+53%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sub Stance Incorporated sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Friends of Manchester Trees ($74k), PTA California Congress of Parents Teachers & Students Inc ($74k) and Putnam County Rescue Squad Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $621k against liabilities of $0, net assets of $621k.