Sunrise Foundation Inc

Analysis

Sunrise Foundation Inc is a registered charity in United States, based in Bowman, ND. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, Sunrise Foundation Inc reported income of $166k and spending of $64k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $166k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunrise Foundation Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 42nd percentile within ND. Charities of a similar size with the same main cause include Healing the Children New Jersey Inc ($166k), St Thomas Church Endowment Fund Inc ($166k) and Water for Wildlife Foundation ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $20k (32% of expenses). Other salaries and wages came to $4,527. At year end it held assets of $3.6m against liabilities of $968k, net assets of $2.6m. It reported 1 employees.