Sycamore Institute Inc

Analysis

Sycamore Institute Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Sycamore Institute Inc reported income of $835k and spending of $734k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $666k to $835k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. 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, Sycamore Institute Inc 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 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Dance Ring ($835k), Upper Perkiomen Valley Ambulance Association ($835k) and Northern Dutchess Day Care Center Inc ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $144k (20% of expenses). Other salaries and wages came to $297k. At year end it held assets of $788k against liabilities of $217k, net assets of $572k. It reported 6 employees.