Facts-Sunrise Inc

Analysis

Facts-Sunrise Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1997, 29 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 (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, Facts-Sunrise Inc reported income of $297k and spending of $333k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $238k to $297k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Facts-Sunrise Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within RI. Charities of a similar size with the same main cause include Community Housing Trust of Sarasota Inc ($297k), Lutheran Housing Services Incorporated ($297k) and Clinton County Services for the Homeless Inc ($297k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $931k against liabilities of $268k, net assets of $663k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.