Sonshine Day Preschool Inc

Analysis

Sonshine Day Preschool Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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, Sonshine Day Preschool Inc reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.6m (+25%), an average of +5.6% a year. The sharpest change came in the year to July 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sonshine Day Preschool Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Wee Care Child Center Inc ($1.6m), Gamaliel Foundation ($1.6m) and Greater Twin Cities Youth Symphonies ($1.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $107k (7.7% of expenses). Other salaries and wages came to $848k. At year end it held assets of $701k against liabilities of $0, net assets of $701k. It reported 62 employees.