Sundari Foundation Inc

Analysis

Sundari Foundation Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in September 2004, 22 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, Sundari Foundation Inc reported income of $17.5m and spending of $16.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.1m to $17.5m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sundari Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Community Corporation of Santa Monica ($17.4m), Rocky Mountain Mutual Housing Association Inc ($17.5m) and Harbor Interfaith Services Inc ($17.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $267k (1.6% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $13.0m against liabilities of $313k, net assets of $12.7m. It reported 167 employees.