Suncoast Charities for Children Inc

Analysis

Suncoast Charities for Children Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1994, 32 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 September 2023, Suncoast Charities for Children Inc reported income of $484k and spending of $384k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $304k to $484k (+59%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Suncoast Charities for Children Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Ameriserve Housing Inc ($484k), Midway Pointe ($484k) and Abbey RHF Housing Inc ($484k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $94k (25% of expenses). Other salaries and wages came to $50k. At year end it held assets of $523k against liabilities of $13k, net assets of $510k. It reported 2 employees.