The Sun Publishing Company

Analysis

The Sun Publishing Company is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 December 2023, The Sun Publishing Company reported income of $2.8m and spending of $3.2m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.8m (-16%), an average of -4.3% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Sun Publishing Company 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 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Chayal El Chayal Inc ($2.8m), The Community Foundation of Howard County Inc ($2.8m) and Addie Mae Collins Community Services ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $289k (9.0% of expenses). At year end it held assets of $1.4m against liabilities of $57k, net assets of $1.4m. It reported 17 employees.