Sunshine Community Harvest Inc

Analysis

Sunshine Community Harvest Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Sunshine Community Harvest Inc reported income of $190k and spending of $83k, leaving 56% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $47k to $190k (+305%), an average of +305% a year. The sharpest change came in the year to September 2023, when income rose by 305%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sunshine Community Harvest Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Next Step Storm Inc ($190k), Bryant Neighborhood Organization Inc ($190k) and Maple Valley Rotary Foundation ($190k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $186k against liabilities of $1,321, net assets of $184k.