Sugar Plum Inc

Analysis

Sugar Plum Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover employment, 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 June 2024, Sugar Plum Inc reported income of $1.4m and spending of $1.1m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $874k to $1.4m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sugar Plum Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Cherubim Developmental Training Program Inc ($1.4m), Helping Hands for Single Moms ($1.4m) and Mothers Helping Mothers Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.3% of the total. Compensation of current officers, directors and key employees was $129k (11% of expenses). Other salaries and wages came to $570k. At year end it held assets of $5.3m against liabilities of $676k, net assets of $4.6m. It reported 30 employees.