Sucede Inc

Analysis

Sucede Inc is a registered charity in United States, based in Key Biscayne, FL. It received its IRS tax-exemption ruling in October 2003, 23 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, Sucede Inc reported income of $247k and spending of $248k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $247k (+134%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 663%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sucede Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Gay Mens Chorus of Charlotte ($247k), National Association of Charitable Gift Planners ($247k) and Triangle East Chapter 100 Black Men of America Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,747 against liabilities of $0, net assets of $9,747.