Sunrise Northeast Inc

Analysis

Sunrise Northeast Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Sunrise Northeast Inc reported income of $18.9m and spending of $19.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.9m to $18.9m (+12%), an average of +2.9% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunrise Northeast Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include NHT Communities ($18.9m), Pathways to Housing Pa ($19.0m) and Sun Health Colonnade ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. Other salaries and wages came to $11.8m. At year end it held assets of $2.9m against liabilities of $5.4m, net assets of -$2.5m. It reported 389 employees.