Sustain Equity Group

Analysis

Sustain Equity Group is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in April 2020, 6 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, Sustain Equity Group reported income of $94k and spending of $93k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $362k to $94k (-74%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 235%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sustain Equity Group sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Highlands Foundation ($93k), Bristol Borough Raising the Bar Inc ($94k) and Federation of Korean American Associations of NW States USA ($93k).

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 $35k (38% of expenses). At year end it held assets of $44 against liabilities of $0, net assets of $44. It reported 1 employees.