Exchange Sunshine Home Corporation

Analysis

Exchange Sunshine Home Corporation is a registered charity in United States, based in Copperas Cove, TX. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Exchange Sunshine Home Corporation reported income of $252k and spending of $325k, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $238k to $252k (+5.9%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Exchange Sunshine Home Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($252k), Delano Commons Senior Housing ($252k) and Lutheran Social Services of Central Ohio Hamiliton Housing Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Other salaries and wages came to $99k. At year end it held assets of $636k against liabilities of $132k, net assets of $504k. It reported 2 employees.

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.