Sonrise Ministries Inc

Analysis

Sonrise Ministries Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries Inc reported income of $81k and spending of $58k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $263k to $81k (-69%), an average of -69% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sonrise Ministries Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Iglesia de Cristo Adulam ($81k), Barnabas Ministries International ($81k) and Unreached 4k ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $33k, net assets of $23k.