Sa-Mdy Inc

Analysis

Sa-Mdy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Sa-Mdy Inc reported income of $7.2m and spending of $6.9m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.4m to $7.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to August 2020, when income dropped by 31%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sa-Mdy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Vine Maple Place ($7.2m), Golden Corridor Family YMCA ($7.2m) and Connections Area Agency on Aging Inc ($7.2m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $547k (7.9% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $244k against liabilities of $74k, net assets of $170k. It reported 67 employees.