Sunrise Inc

Analysis

Sunrise Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 February 2024, Sunrise Inc reported income of $213k and spending of $185k, spending 87% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $130k to $213k (+64%), an average of +13% a year. The sharpest change came in the year to February 2021, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunrise Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include United Way of Miami County Inc ($213k), Hero Scholarship Fund of Delaware County Inc ($213k) and 5150 Tourism Development Inc ($213k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 93% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $44k (24% of expenses). Other salaries and wages came to $68k. At year end it held assets of $502k against liabilities of $0, net assets of $502k. It reported 7 employees.