Sunrise Preservation Group Inc

Analysis

Sunrise Preservation Group Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Preservation Group Inc reported income of $567k and spending of $648k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $711k to $567k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sunrise Preservation Group Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Utpl-Ny Inc ($567k), Franco-American Heritage Center at St Marys ($567k) and Osher Lifelong Learning Institute ($567k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. Other salaries and wages came to $138k. At year end it held assets of $1.5m against liabilities of $44k, net assets of $1.4m. It reported 10 employees.