Sunrise Communications Inc

Analysis

Sunrise Communications Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2022, Sunrise Communications Inc reported income of $291k and spending of $327k, spending 112% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $300k to $291k (-2.9%), an average of -1.0% a year. The sharpest change came in the year to September 2020, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sunrise Communications Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NE. Charities of a similar size with the same main cause include Danbury Railway Museum Inc ($291k), Berkeley City Ballet ($291k) and Classical Theatre Company ($291k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 86% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $54k (17% of expenses). Other salaries and wages came to $126k. At year end it held assets of $433k against liabilities of $34k, net assets of $399k. It reported 4 employees.