Sunray Communities Inc

Analysis

Sunray Communities Inc is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in September 1994, 32 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, Sunray Communities Inc reported income of $313k and spending of $352k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $313k (+18%), an average of +4.1% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunray Communities Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Wakefield Senior Housing Corp ($313k), Lancaster Housing Development Fund Company Inc ($314k) and Acre Triangle Community Development Corporation ($313k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $67k. At year end it held assets of $1.1m against liabilities of $33k, net assets of $1.1m.

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.