Sunflower Bakery Inc

Analysis

Sunflower Bakery Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Sunflower Bakery Inc reported income of $1.6m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.6m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sunflower Bakery Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Center at Sixth ($1.6m), Abilities at Work ($1.6m) and Laclede Industries ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $189k (11% of expenses). Other salaries and wages came to $835k. At year end it held assets of $2.7m against liabilities of $565k, net assets of $2.1m. It reported 45 employees.