Sonshine Backpacks

Analysis

Sonshine Backpacks is a registered charity in United States, based in Mt Pleasant, NC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sonshine Backpacks reported income of $186k and spending of $35k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $186k (+543%), an average of +543% a year. The sharpest change came in the year to December 2023, when income rose by 543%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sonshine Backpacks sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Solvang School Education Foundation ($185k), Latino Community Services ($186k) and Corporation for the Dissemination ($185k).

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 $176k against liabilities of $845, net assets of $175k.