Suma

Analysis

Suma is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in October 2023, 3 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 June 2023, Suma reported income of $695k and spending of $501k, leaving 28% of income unspent that year. The sharpest change came in the year to June 2023, when income rose by 585%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Suma sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OR. Charities of a similar size with the same main cause include Nonprofit Montgomery Inc ($695k), Lawrenceville United ($695k) and Modesto a Gomez Inc ($695k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $75k (15% of expenses). Other salaries and wages came to $99k. At year end it held assets of $206k against liabilities of $12k, net assets of $194k. It reported 3 employees.