Sunshine Transit

Analysis

Sunshine Transit is a registered charity in United States, based in Willow, AK. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Sunshine Transit reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $978k to $1.5m (+49%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sunshine Transit sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within AK. Charities of a similar size with the same main cause include Youth Service Bureau Inc ($1.5m), Cotton Foundation ($1.5m) and Center of Anna Maria Island ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $103k (7.5% of expenses). Other salaries and wages came to $401k. At year end it held assets of $1.7m against liabilities of $139k, net assets of $1.6m. It reported 23 employees.