Sunrise Village

Analysis

Sunrise Village is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in August 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sunrise Village reported income of $3.0m and spending of $2.1m, leaving 30% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $3.0m (+51%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunrise Village sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Creating Housing Coaltion ($3.0m), Helen Purcell Home ($3.0m) and Duncan Group ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 86% of the total. Other salaries and wages came to $749k. At year end it held assets of $5.5m against liabilities of $1.6m, net assets of $3.9m.