Sunrise Enterprises Foundation

Analysis

Sunrise Enterprises Foundation is a registered charity in United States, based in Roseburg, OR. It received its IRS tax-exemption ruling in January 2018, 8 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 June 2023, Sunrise Enterprises Foundation reported income of $2.5m and spending of $3.1m, spending 121% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.4m to $2.5m (+87%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 127% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sunrise Enterprises Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include United Way of Story County Inc ($2.5m), Florida Panthers Foundation Inc ($2.5m) and Chileno Bay Foundation Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% of the total. Compensation of current officers, directors and key employees was $107k (3.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $3.5m, net assets of -$1.4m. It reported 91 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.