Sunrise Park Housing Development Fund Company Inc

Analysis

Sunrise Park Housing Development Fund Company Inc is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in August 1988, 38 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 December 2022, Sunrise Park Housing Development Fund Company Inc reported income of $2.5m and spending of $1.5m, leaving 41% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $2.4m to $2.5m (+3.9%), an average of +1.9% a year. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunrise Park Housing Development Fund Company Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Central Regional Dental Testing Service Inc ($2.5m), The Shepherds Table Inc ($2.5m) and School District 12 Education Foundation ($2.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 40% of the total. Other salaries and wages came to $150k. At year end it held assets of $5.7m against liabilities of $162k, net assets of $5.5m. It reported 3 employees.