Rays of Sonshine

Analysis

Rays of Sonshine is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Rays of Sonshine reported income of $954k and spending of $953k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $954k (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rays of Sonshine sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Teacher Mommy Day Care Inc ($953k), Society of St Vincent de Paul St Anne Conference Inc ($954k) and Childrens Preschool Center Inc ($953k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $16k (1.7% of expenses). Other salaries and wages came to $115k. At year end it held assets of $2.0m against liabilities of $674k, net assets of $1.4m. It reported 7 employees.