Sunshine Center Inc

Analysis

Sunshine Center Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in April 1955, 71 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 December 2023, Sunshine Center Inc reported income of $562k and spending of $509k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $562k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunshine Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Illuminating Engineering Society ($562k), God Squad Inc ($562k) and Phoenix School Inc ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $78k (15% of expenses). Other salaries and wages came to $199k. At year end it held assets of $832k against liabilities of $9,476, net assets of $823k. It reported 11 employees.