Suffit Inc

Analysis

Suffit Inc is a registered charity in United States, based in LK Providence, LA. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Suffit Inc reported income of $178k and spending of $175k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $178k (+183%), an average of +183% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Suffit Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within LA. Charities of a similar size with the same main cause include Harlan E Moore Heart Research Foundation ($178k), Lifeline Pregnancy Care Center ($178k) and National Board of Medication Therapy Management ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3,600 (2.1% of expenses). Other salaries and wages came to $42k. At year end it held assets of $13k against liabilities of $10k, net assets of $2,753. It reported 5 employees.