Sunset Point Apartments Inc

Analysis

Sunset Point Apartments Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Sunset Point Apartments Inc reported income of $100k and spending of $168k, spending 167% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $89k to $100k (+13%), an average of +3.1% a year. Over the whole period it spent 156% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Sunset Point Apartments Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Liberation Journeys ($100k), Crawford County Casa Inc ($100k) and Pride Network Inc ($100k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.9m against liabilities of $2.3m, net assets of -$369k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.