Sunrise of Philadelphia

Analysis

Sunrise of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Sunrise of Philadelphia reported income of $6.3m and spending of $3.1m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $6.3m (+135%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sunrise of Philadelphia sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include American College of Puerto Rico Inc ($6.3m), Ventura Charter School ($6.3m) and John W Rex Charter Elementary School Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $339k (11% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.2m against liabilities of $523k, net assets of $7.7m. It reported 124 employees.