Support and More Foundation Inc

Analysis

Support and More Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2021, 5 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, Support and More Foundation Inc reported income of $524k and spending of $215k, leaving 59% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $329k to $524k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Support and More Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Leonardos Basement ($523k), Kikstart Inc ($524k) and Grannies Respond Abuelas Responden Inc ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $686k against liabilities of $10k, net assets of $676k.