Sonshine Ministries Inc

Analysis

Sonshine Ministries Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Sonshine Ministries Inc reported income of $556k and spending of $706k, spending 127% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $835k to $556k (-33%), an average of -34% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sonshine Ministries Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Orangeburg Calhoun Technical College Foundation Incorporated ($556k), Lyons Public Library ($556k) and Sioux City Iowa Joint Electrical Apprenticeship & Training Educ Tru ($556k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $140k (20% of expenses). Other salaries and wages came to $247k. At year end it held assets of $428k against liabilities of $57k, net assets of $371k. It reported 55 employees.