Suda Institute

Analysis

Suda Institute is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Suda Institute reported income of $598k and spending of $582k, spending 97% of its income. Across the 2 years on record, from December 2023 to June 2024, income grew from $187k to $598k (+221%), an average of +221% a year. The sharpest change came in the year to June 2024, when income rose by 221%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Suda Institute sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Elijahs Mens Home Inc ($598k), Altair Aco ($599k) and Bay Area Chapter of the Association of Black Psychologists ($598k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (15% of expenses). Other salaries and wages came to $273k. At year end it held assets of $58k against liabilities of $0, net assets of $58k. It reported 1 employees.