Sonlight Power Inc

Analysis

Sonlight Power Inc is a registered charity in United States, based in Milford, OH. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Sonlight Power Inc reported income of $904k and spending of $704k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $904k (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sonlight Power Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Bridges Across Borders Southeast Asia Community Legal Education Ini ($901k), Nonviolent Initiative for Democracy Inc ($904k) and World Affairs Council of Oregon Inc ($901k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $81k (12% of expenses). Other salaries and wages came to $183k. At year end it held assets of $428k against liabilities of $38k, net assets of $390k. It reported 6 employees.