Sugarloaf Village

Analysis

Sugarloaf Village is a registered charity in United States, based in Lead Hill, AR. It received its IRS tax-exemption ruling in September 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 (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, Sugarloaf Village reported income of $87k and spending of $110k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $87k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sugarloaf Village sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AR. Charities of a similar size with the same main cause include Kittery Housing Corporation ($87k), Maxcen Housing Inc North Carolina Branch ($87k) and Burlington Community Housing Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Other salaries and wages came to $16k. At year end it held assets of $403k against liabilities of $8,435, net assets of $395k.

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.