Sonshine Patch Inc

Analysis

Sonshine Patch Inc is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Sonshine Patch Inc reported income of $317k and spending of $235k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $207k to $317k (+54%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sonshine Patch Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CO. Charities of a similar size with the same main cause include Ccbo Inc ($317k), John Quincy Adams Society ($318k) and Friends of the Phoenix Public Library Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $45k (19% of expenses). At year end it held assets of $112k against liabilities of $12k, net assets of $100k. It reported 17 employees.