Sunrise Court Housing

Analysis

Sunrise Court Housing is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Court Housing reported income of $183k and spending of $221k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $148k to $183k (+24%), an average of +5.4% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunrise Court Housing sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include Peoples Action for Clean Energy Inc ($183k), Blue Sky Ranch Inc ($183k) and TNR Taskforce Inc ($183k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $46k (21% of expenses). At year end it held assets of $892k against liabilities of $74k, net assets of $818k.

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.