Sunshine Industries Inc

Analysis

Sunshine Industries Inc is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Sunshine Industries Inc reported income of $3.5m and spending of $3.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.5m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sunshine Industries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include Charleston Redevelopment Corporation ($3.5m), Polk Community Development Corporation ($3.5m) and The Enterprise Center Community Development Corporation ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $142k (4.4% of expenses). At year end it held assets of $19.0m against liabilities of $127k, net assets of $18.9m. It reported 103 employees.