Sonrise Harbor Inc

Analysis

Sonrise Harbor Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sonrise Harbor Inc reported income of $197k and spending of $160k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $197k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sonrise Harbor Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Backpacks of Love Inc ($197k), Plant the Seed ($197k) and Otsar Corp ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $128k against liabilities of $0, net assets of $128k. It reported 2 employees.