Sitike

Analysis

Sitike is a registered charity in United States, based in S San Fran, CA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Sitike reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $966k to $1.4m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sitike sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Hospice Foundation of America Inc ($1.4m), Solo Parent Society ($1.4m) and Samaritan Center Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $119k (8.7% of expenses). Other salaries and wages came to $721k. At year end it held assets of $733k against liabilities of $46k, net assets of $687k. It reported 20 employees.