Sustainability Institute Inc

Analysis

Sustainability Institute Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sustainability Institute Inc reported income of $1.6m and spending of $829k, leaving 47% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $514k to $1.6m (+203%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 195%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sustainability Institute Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Radius Indiana Inc ($1.6m), Chicago Defender Charities Inc ($1.6m) and College Hill Community Urban Redevelopment Corporation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $146k (18% of expenses). Other salaries and wages came to $156k. It paid $11k in professional fundraising fees. At year end it held assets of $971k against liabilities of $52k, net assets of $920k. It reported 18 employees.