Sohail Sultan Foundation Inc

Analysis

Sohail Sultan Foundation Inc is a registered charity in United States, based in Garnet Valley, PA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Sohail Sultan Foundation Inc reported income of $81k and spending of $86k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $81k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sohail Sultan Foundation Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Creekside Villa Inc ($81k), De Marcos Housing Foundation ($81k) and Manor at Maple Esplanade Inc ($81k).

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 $2,063 against liabilities of $274, net assets of $1,789.