Sunbeam Family Services Inc

Analysis

Sunbeam Family Services Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1960, 66 years ago. Its declared purposes cover human services, 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 June 2023, Sunbeam Family Services Inc reported income of $24.9m and spending of $22.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.5m to $24.9m (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sunbeam Family Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Virginia United Methodist Homes of Williamsburg Inc ($24.9m), Second Harvest Foodbank of the Mahoning Valley ($24.9m) and Economic Improvement Council Inc ($24.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $767k (3.4% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $36.7m against liabilities of $2.1m, net assets of $34.6m. It reported 276 employees.