Suncoast Manor Foundation Inc

Analysis

Suncoast Manor Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Suncoast Manor Foundation Inc reported income of $1.7m and spending of $2.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.7m (+28%), an average of +6.4% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Suncoast Manor Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Elderly Housing Management Corporation ($1.7m), Ahi Ezer Housing Development Fund Corp ($1.7m) and Hilltop Manor Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $391k. At year end it held assets of $5.1m against liabilities of $8.7m, net assets of -$3.7m. It reported 10 employees.

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.