Sunstone Way

Analysis

Sunstone Way is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sunstone Way reported income of $9.5m and spending of $8.9m, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $5.7m to $9.5m (+67%), an average of +68% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunstone Way sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include Dock Acres Inc ($9.5m), View at Goodwin Living LLC ($9.5m) and Bickerdike Redevelopment Corporation ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $278k (3.1% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $1.9m against liabilities of -$102k, net assets of $2.0m. It reported 117 employees.