Sunrise Project Inc

Analysis

Sunrise Project Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Sunrise Project Inc reported income of $33.3m and spending of $36.0m, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $9.8m to $33.3m (+238%), an average of +238% a year. The sharpest change came in the year to December 2023, when income rose by 238%. Over the whole period it spent 94% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sunrise Project Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Serc Reliability Corporation ($33.2m), Marine Stewardship Council ($33.6m) and Colorado Open Lands ($33.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $825k (2.3% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $5.2m against liabilities of $2.8m, net assets of $2.4m. It reported 58 employees.