Cascades Sonrise Development Corporation

Analysis

Cascades Sonrise Development Corporation is a registered charity in United States, based in Fontana, CA. It received its IRS tax-exemption ruling in August 2018, 8 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 December 2023, Cascades Sonrise Development Corporation reported income of $626k and spending of $516k, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1,692 to $626k (+36926%), an average of +618% a year. The sharpest change came in the year to December 2021, when income rose by 92365%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cascades Sonrise Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Henderson Village Corporation ($626k), Smyrna RHF Housing Inc ($627k) and His Hope Ministries Inc ($626k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.