The Sunshine Academy and Daycare Corporation

Analysis

The Sunshine Academy and Daycare Corporation is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, The Sunshine Academy and Daycare Corporation reported income of $1.7m and spending of $1.4m, spending 81% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.1m to $1.7m (+51%), an average of +11% a year. The sharpest change came in the year to July 2021, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Sunshine Academy and Daycare Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Greater Communities ($1.7m), Tidewater Academy Inc ($1.7m) and The Peak School ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. Other salaries and wages came to $948k. At year end it held assets of $1.2m against liabilities of $154k, net assets of $1.1m. It reported 55 employees.