Sunshine Projects Foundation Inc

Analysis

Sunshine Projects Foundation Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Sunshine Projects Foundation Inc reported income of $782k and spending of $576k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $43k to $782k (+1726%), an average of +163% a year. The sharpest change came in the year to December 2021, when income rose by 314%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sunshine Projects Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Somervell County Committe for Aging Inc ($781k), Oasis of Hollywood ($782k) and Foster & Adoptive Parent Advocacy Center ($781k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $49k (8.4% of expenses). Other salaries and wages came to $84k. At year end it held assets of $347k against liabilities of $96k, net assets of $252k. It reported 4 employees.