Sunnymere Inc

Analysis

Sunnymere Inc is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in March 1974, 52 years ago. 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 May 2024, Sunnymere Inc reported income of $1.3m and spending of $1.4m, spending 112% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.2m to $1.3m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to May 2021, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunnymere Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Wyoming Governors Residence Foundation ($1.3m), Institute for Global Engagement ($1.3m) and On Our Own of Maryland Inc ($1.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 5.7% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $103k (7.3% of expenses). Other salaries and wages came to $704k. At year end it held assets of $7.1m against liabilities of $96k, net assets of $7.0m. It reported 47 employees.

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.