Sunrise School of Miami Inc

Analysis

Sunrise School of Miami Inc is a registered charity in United States, based in Palmetto Bay, FL. It received its IRS tax-exemption ruling in December 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 2023, Sunrise School of Miami Inc reported income of $1.5m and spending of $1.1m, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $941k to $1.5m (+61%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sunrise School of Miami Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Ndsu Research Foundation ($1.5m), Beechtree Inc ($1.5m) and Little Wonders Early Learning Center ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $75k (7.0% of expenses). Other salaries and wages came to $701k. At year end it held assets of $971k against liabilities of $212k, net assets of $759k. It reported 20 employees.