Sugarplum Sled Inc

Analysis

Sugarplum Sled Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sugarplum Sled Inc reported income of $89k and spending of $84k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $89k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sugarplum Sled Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Peace Neighborhood Center - Maple Road Corridor ($89k), Mobility 4 Veterans ($89k) and Willacy County Livestock Show Fair & Auction ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $85k against liabilities of $4,286, net assets of $81k.