Sunrise Residential Inc

Analysis

Sunrise Residential Inc is a registered charity in United States, based in Tinley Park, IL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Sunrise Residential Inc reported income of $110k and spending of $131k, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $121k to $110k (-9.3%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 122% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sunrise Residential Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within IL. Charities of a similar size with the same main cause include Wallingford Foundation Sponsored by the Rotary Club of Wallingford ($109k), Florence City Schools Education Foundation ($110k) and Kiwanis Club of Riviera Beach Foundation Inc ($109k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11k (8.1% of expenses). At year end it held assets of $761k against liabilities of $1.3m, net assets of -$549k.