Sunshine Homes Inc

Analysis

Sunshine Homes Inc is a registered charity in United States, based in Atlantic, IA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 June 2023, Sunshine Homes Inc reported income of $2.3m and spending of $2.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $821k to $2.3m (+181%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunshine Homes Inc 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 87th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Delaware Riverkeeper Network ($2.3m), Chsa Development Inc ($2.3m) and The Monarch Learning Academy Inc ($2.3m).

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 $262k (13% of expenses). Other salaries and wages came to $960k. At year end it held assets of $1.9m against liabilities of $419k, net assets of $1.5m. It reported 32 employees.