Sun Scholars Inc

Analysis

Sun Scholars Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Sun Scholars Inc reported income of $456k and spending of $337k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $286k to $456k (+59%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sun Scholars Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Sleepy Hollow Preschool Inc ($456k), Partners in Change Inc ($456k) and San Francisco Islamic School ($456k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $210k (62% of expenses). At year end it held assets of $484k against liabilities of $337k, net assets of $146k. It reported 8 employees.