Sweetwater Cultural Center Inc

Analysis

Sweetwater Cultural Center Inc is a registered charity in United States, based in Stony Point, NY. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Sweetwater Cultural Center Inc reported income of $126k and spending of $135k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.2m to $126k (-90%), an average of -53% a year. The sharpest change came in the year to December 2022, when income rose by 1001%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sweetwater Cultural Center Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include I-Nspire Foundation Inc ($126k), Thi-12 ($126k) and Mobile Ministries Inc ($126k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $3,226, net assets of $1.2m.

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.