New Sun Foundation Corp

Analysis

New Sun Foundation Corp is a registered charity in United States, based in Deerfield, IL. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, New Sun Foundation Corp reported income of $240k and spending of $61k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $240k (+168%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Sun Foundation Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Esperanza Community Center ($240k), The Next Stop Foundation Inc ($240k) and Cornerstone Community Center Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $863k against liabilities of $0, net assets of $863k.