Sunstone Life Inc

Analysis

Sunstone Life Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 2022, 4 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 December 2023, Sunstone Life Inc reported income of $490k and spending of $534k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $452k to $490k (+8.2%), an average of +8.2% a year. 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 Life Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Chestnut Senior Housing ($489k), Homes Giving Hope Inc ($490k) and Mercy Senior Housing Oxnard ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Other salaries and wages came to $156k. At year end it held assets of $171k against liabilities of $47k, net assets of $124k. It reported 5 employees.