Sonlife Classic NFP

Analysis

Sonlife Classic NFP is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Sonlife Classic NFP reported income of $114k and spending of $111k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $830k to $114k (-86%), an average of -39% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sonlife Classic NFP sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Spanish Baptist Missions ($114k), Whole Hearts Inc ($114k) and Long Island Buddhist Meditation Center ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $29k (26% of expenses). Other salaries and wages came to $6,550. At year end it held assets of $108k against liabilities of $2,892, net assets of $105k. It reported 2 employees.