SFM Charities Inc

Analysis

SFM Charities Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, SFM Charities Inc reported income of $446k and spending of $626k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $446k (+108%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 137% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, SFM Charities Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 53rd percentile within PR. Charities of a similar size with the same main cause include Community Child Care Inc ($446k), Bread of Life Missions ($446k) and Jeff Davis County Family Connection Council Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (14% of expenses). Other salaries and wages came to $298k. At year end it held assets of $250k against liabilities of $659k, net assets of -$409k. It reported 13 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.