Sulam Inc

Analysis

Sulam Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Sulam Inc reported income of $3.3m and spending of $2.3m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.3m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sulam Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Saving Grace Imagine Life Without Violence ($3.3m), Community Emergency Services Inc ($3.3m) and Student Veterans of America ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $238k (10% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.7m against liabilities of $101k, net assets of $1.6m. It reported 45 employees.