Sunnyside Foundation Inc

Analysis

Sunnyside Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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 Foundation Inc reported income of $1.0m and spending of $507k, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $847k to $1.0m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunnyside Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Miami Beach Watersports Center Inc ($1.0m), South Carolina United Methodist Foundation ($1.0m) and First Ward Community Service ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $12.3m against liabilities of $874k, net assets of $11.5m.