Sychar Springs International

Analysis

Sychar Springs International is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in October 2022, 4 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, Sychar Springs International reported income of $146k and spending of $146k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $146k (+176%), an average of +176% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sychar Springs International sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include St Edwards Food and Wellness Center Inc ($146k), Equality Toledo Inc ($146k) and Community Soup Kitchen of Goldsboro Inc ($146k).

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 $47k against liabilities of $178, net assets of $47k.