Ray of Sunshine Foundation Inc

Analysis

Ray of Sunshine Foundation Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Ray of Sunshine Foundation Inc reported income of $309k and spending of $232k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $236k to $309k (+31%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ray of Sunshine Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Capital Payee Inc ($309k), Raregivers Inc ($309k) and Mothers Milk Bank of Mississippi ($309k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $4.4m against liabilities of $3.1m, net assets of $1.3m.