Children of the Setting Sun Productions

Analysis

Children of the Setting Sun Productions is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Children of the Setting Sun Productions reported income of $2.1m and spending of $2.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $570k to $2.1m (+277%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Children of the Setting Sun Productions sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include United Way of Johnson & Washington Counties Inc ($2.1m), Brookwood Endowment Fund Inc ($2.2m) and Project Ezrah Needs Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $92k (3.9% of expenses). Other salaries and wages came to $939k. At year end it held assets of $1.8m against liabilities of $1.5m, net assets of $224k. It reported 24 employees.