Sequel Inc

Analysis

Sequel Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in September 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, Sequel Inc reported income of $103k and spending of $217k, spending 211% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $103k (-92%), an average of -71% a year. The sharpest change came in the year to December 2022, when income dropped by 92%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sequel Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within SD. Charities of a similar size with the same main cause include City of Refuge - South Hill Inc ($103k), Evergreen Community Initiatives ($103k) and Reaching Out to Community and Kids ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% of the total. Compensation of current officers, directors and key employees was $144k (66% of expenses). Other salaries and wages came to $9,484. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 4 employees.