Friends of Sycamore House Inc

Analysis

Friends of Sycamore House Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friends of Sycamore House Inc reported income of $139k and spending of $118k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $139k (+37%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Sycamore House Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Reverend Brother Joseph & Benjamin Charities ($139k), Set Her Free ($139k) and The Transformation Initiative Inc ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.