Sunshine Elementary Charter School Inc

Analysis

Sunshine Elementary Charter School Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sunshine Elementary Charter School Inc reported income of $3.0m and spending of $3.1m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $11.1m to $3.0m (-73%), an average of -23% a year. The sharpest change came in the year to June 2020, when income dropped by 71%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sunshine Elementary Charter School Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Ridgeline Montessori Public Charter School ($3.0m), Literacy Partners Inc ($3.0m) and Anderson Creek Club Charter School Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $173k (5.5% of expenses). At year end it held assets of $9.7m against liabilities of $10.2m, net assets of -$490k. It reported 57 employees.

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.