Sunnyside Properties of Sarasota Inc

Analysis

Sunnyside Properties of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Sunnyside Properties of Sarasota Inc reported income of $12.3m and spending of $11.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $12.3m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunnyside Properties of Sarasota Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Midpen Resident Services Corporation ($12.2m), Holyoke Retirement Community Inc ($12.3m) and Civic Builders Inc ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $571k (5.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $63.1m against liabilities of $37.1m, net assets of $26.0m. It reported 361 employees.