Sunrise Community Foundation Inc

Analysis

Sunrise Community Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sunrise Community Foundation Inc reported income of $240k and spending of $151k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $326k to $240k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2021, when income rose by 147%. Over the whole period it spent 36% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sunrise Community Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Barb Food Mart NFP ($240k), Riverside County Physicians Memorial Foundation ($240k) and Trinity Presbyterian School Charitable TR ($240k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% of the total. At year end it held assets of $25.8m against liabilities of $16k, net assets of $25.7m.