Sunshine Bible Academy Foundation

Analysis

Sunshine Bible Academy Foundation is a registered charity in United States, based in Miller, SD. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Sunshine Bible Academy Foundation reported income of $232k and spending of $185k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $310k to $232k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sunshine Bible Academy Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within SD. Charities of a similar size with the same main cause include South River Emc Community Assistance Corp ($232k), Baystate Financial Charitable Foundation Inc ($232k) and Gordon Family Giving Foundation ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.