Sunrise Residence Inc

Analysis

Sunrise Residence Inc is a registered charity in United States, based in Machias, ME. It received its IRS tax-exemption ruling in November 1983, 43 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, Sunrise Residence Inc reported income of $221k and spending of $163k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $208k to $221k (+6.2%), an average of +6.2% a year. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunrise Residence Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Ministers Fellowship on Common Ground ($221k), Dyouville Senior Living Inc ($221k) and Upper Rooms Inc ($221k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $197k against liabilities of $96k, net assets of $100k.