Sunnyside Apartments Inc

Analysis

Sunnyside Apartments Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in February 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sunnyside Apartments Inc reported income of $53k and spending of $103k, spending 195% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $63k to $53k (-16%), an average of -4.1% a year. The sharpest change came in the year to August 2020, when income dropped by 26%. Over the whole period it spent 166% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunnyside Apartments Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include The Arc of Cumberland County ($53k), PTA North Carolina Congress ($53k) and Pekin Mobile Diner Inc ($53k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $149k against liabilities of $365k, net assets of -$216k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.