Sun Health Grandview Terrace

Analysis

Sun Health Grandview Terrace is a registered charity in United States, based in Sun City West, AZ. It received its IRS tax-exemption ruling in October 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sun Health Grandview Terrace reported income of $27.7m and spending of $29.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $27.7m (+149%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 108%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sun Health Grandview Terrace sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Star of Hope Mission ($27.6m), Habitat for Humanity International Inc ($27.8m) and Foss Home & Villiage ($27.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $10.2m. At year end it held assets of $73.4m against liabilities of $95.4m, net assets of -$22.0m. It reported 373 employees.

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.