Sunrisearc Inc

Analysis

Sunrisearc Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Sunrisearc Inc reported income of $5.6m and spending of $6.5m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.2m to $5.6m (+6.9%), an average of +1.7% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sunrisearc Inc 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 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Ion Center for Violence Prevention Inc ($5.6m), Goodness Outreach Depot ($5.6m) and Warrior Canine Connection Inc ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $182k (2.8% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $4.0m against liabilities of $1.3m, net assets of $2.7m. It reported 85 employees.