C L C Sugar Ridge Inc

Analysis

C L C Sugar Ridge Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, C L C Sugar Ridge Inc reported income of $59k and spending of $85k, spending 145% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $54k to $59k (+9.1%), an average of +2.9% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, C L C Sugar Ridge Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 29th percentile within SC. Charities of a similar size with the same main cause include Paducah Housing Services Inc ($59k), Haverim Inc ($59k) and Traskwood Complex ($59k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $7,400. At year end it held assets of $397k against liabilities of $800k, net assets of -$403k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.