Sumando Manos Foundation Inc

Analysis

Sumando Manos Foundation Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sumando Manos Foundation Inc reported income of $94k and spending of $144k, spending 154% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $94k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 145% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sumando Manos Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Rio Rancho Community Foundation Inc ($94k), Texas Association of Journalism Educators ($94k) and Ohio Valley Golf Association ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $59k against liabilities of $9,644, net assets of $50k.