Sunshine Bible Academy

Analysis

Sunshine Bible Academy is a registered charity in United States, based in Miller, SD. It received its IRS tax-exemption ruling in October 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sunshine Bible Academy reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.8m (+44%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sunshine Bible Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within SD. Charities of a similar size with the same main cause include Leadership and Design ($1.8m), PJ HS Scholarship Organization ($1.8m) and Open Arms Learning Center ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $51k (3.2% of expenses). Other salaries and wages came to $604k. At year end it held assets of $5.0m against liabilities of $21k, net assets of $4.9m. It reported 34 employees.