Sunwork Renewable Energy Projects

Analysis

Sunwork Renewable Energy Projects is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Sunwork Renewable Energy Projects reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.7m to $1.8m (+6.4%), an average of +1.6% a year. The sharpest change came in the year to May 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sunwork Renewable Energy Projects sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Isev Inc ($1.8m), Lake Erie Junior Nature & Science Center ($1.8m) and Creative Arts Workshops for Kids Inc ($1.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $68k (4.1% of expenses). Other salaries and wages came to $304k. At year end it held assets of $979k against liabilities of $82k, net assets of $897k. It reported 8 employees.