Sun Health Colonnade

Analysis

Sun Health Colonnade is a registered charity in United States, based in Sun City West, AZ. It received its IRS tax-exemption ruling in August 2012, 14 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 June 2023, Sun Health Colonnade reported income of $18.8m and spending of $19.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $18.8m (+39%), an average of +8.5% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sun Health Colonnade sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Covenant Living of the Great Lakes ($18.7m), NHT Communities ($18.9m) and European American Association ($18.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $94.8m against liabilities of $88.2m, net assets of $6.7m. It reported 242 employees.