Sullivan 180 Inc

Analysis

Sullivan 180 Inc is a registered charity in United States, based in Liberty, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sullivan 180 Inc reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $522k to $2.5m (+378%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 220%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sullivan 180 Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Our Village United Inc ($2.5m), Housing Initiatives Inc ($2.5m) and Community Voices Heard Inc ($2.5m).

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 $298k (12% of expenses). Other salaries and wages came to $818k. At year end it held assets of $579k against liabilities of $465k, net assets of $114k. It reported 31 employees.