Sleepy Coffee Too Inc

Analysis

Sleepy Coffee Too Inc is a registered charity in United States, based in Sleepy Hollow, NY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sleepy Coffee Too Inc reported income of $250k and spending of $79k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $250k (+324%), an average of +324% a year. The sharpest change came in the year to December 2023, when income rose by 324%. Over the whole period it spent 33% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sleepy Coffee Too Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include North Carolina Employee Ownership Center ($250k), Lives of Purpose Inc ($250k) and Keep Durham Beautiful Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $23k. At year end it held assets of $328k against liabilities of $120k, net assets of $208k. It reported 19 employees.