Sunrise County Economic Council

Analysis

Sunrise County Economic Council is a registered charity in United States, based in Machias, ME. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Sunrise County Economic Council reported income of $4.2m and spending of $3.9m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $4.2m (+98%), an average of +19% a year. The sharpest change came in the year to September 2020, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sunrise County Economic Council sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Work4wv-Region I Inc ($4.2m), Paraprofessional Healthcare Institute Inc ($4.2m) and Willamette Valley Rehabilitation Center Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $243k (6.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.8m against liabilities of $1.6m, net assets of $3.2m. It reported 24 employees.