Sonrisa Apartments Inc

Analysis

Sonrisa Apartments Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2022, Sonrisa Apartments Inc reported income of $106k and spending of $170k, spending 160% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $73k to $106k (+45%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 182% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sonrisa Apartments Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within AZ. Charities of a similar size with the same main cause include Nysar Housing Opportunities Foundation Inc ($106k), Ida Harmony House Inc ($106k) and LSS Housing Prairieview Inc ($106k).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.7m against liabilities of $68k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.