Sonrise Foundation

Analysis

Sonrise Foundation is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Sonrise Foundation reported income of $121k and spending of $29k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $121k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 12% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sonrise Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Troop K Camp Cadet Inc ($121k), Time Out Foundation Inc ($121k) and Tm23 Foundation ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $687k against liabilities of $0, net assets of $687k.