Sustainable Options for Urban Living Inc

Analysis

Sustainable Options for Urban Living Inc is a registered charity in United States, based in Dolton, IL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sustainable Options for Urban Living Inc reported income of $262k and spending of $193k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $262k (+116%), an average of +116% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sustainable Options for Urban Living Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Canadian-Hemphill County Economic Development Corporation ($262k), Knights of Columbus Massachusetts State Council Charity Fund ($262k) and Assoc BLDRS & Contractors Ar Chap Appshp & Training TR Fund ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.