Sunshine Elementary Charter School Inc
Sunshine Elementary Charter School Inc faces consistent operating deficits and high liabilities despite zero executive compensation.
EIN: 203521137 · Hollywood, FL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| Net Assets | $-490,093 |
| Transparency Score | 70/100 |
Is Sunshine Elementary Charter School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sunshine Elementary Charter School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sunshine Elementary Charter School Inc
Sunshine Elementary Charter School Inc (EIN: 203521137) is a nonprofit organization based in Hollywood, FL, classified under NTEE code B29. The organization reported total revenue of $3.4M and total assets of $10.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunshine Elementary Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sunshine Elementary Charter School Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-136,529 |
| Total Assets | $9.7M |
| Total Liabilities | $10.2M |
| Net Assets | $-490,093 |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 105.1% |
| Months of Reserves | 37.0 months |
Financial Health Grade: C
In 2024, Sunshine Elementary Charter School Inc reported a deficit of $137K with expenses exceeding revenue, holds 37.0 months of operating reserves (strong position), has a debt-to-asset ratio of 105.1% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Sunshine Elementary Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.2% | -3.4% | -6.1% |
| 2023 | -10.2% | -1.1% | -3.3% |
| 2022 | -3.6% | +5.0% | +436.2% |
| 2021 | +1.2% | -4.4% | +33.8% |
| 2020 | -71.4% | -68.3% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sunshine Elementary Charter School Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sunshine Elementary Charter School Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 105.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization. This is a highly positive sign for a nonprofit of its size, with revenues consistently in the multi-million dollar range.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sunshine Elementary Charter School Inc's IRS 990 filings:
- Consistent operating deficits in recent fiscal years (e.g., 2024, 2023, 2022)
- Liabilities exceeding assets in recent periods (e.g., $10,153,029 liabilities vs. $9,662,936 assets in 2024)
- Significant fluctuation in assets and liabilities over time, particularly the large increase in liabilities in recent years
Strengths
The following positive indicators were identified for Sunshine Elementary Charter School Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
- Long history of IRS 990 filings (14 filings), suggesting transparency and compliance.
- Clear mission as an elementary charter school (NTEE B29) with consistent revenue generation over $2 million annually.
Frequently Asked Questions about Sunshine Elementary Charter School Inc
Is Sunshine Elementary Charter School Inc a legitimate charity?
Sunshine Elementary Charter School Inc (EIN: 203521137) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.4M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Sunshine Elementary Charter School Inc spend its money?
Sunshine Elementary Charter School Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sunshine Elementary Charter School Inc tax-deductible?
Sunshine Elementary Charter School Inc is registered as a tax-exempt nonprofit (EIN: 203521137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sunshine Elementary Charter School Inc's spending goes to programs?
Sunshine Elementary Charter School Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sunshine Elementary Charter School Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Sunshine Elementary Charter School Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sunshine Elementary Charter School Inc located?
Sunshine Elementary Charter School Inc is headquartered in Hollywood, Florida and files with the IRS under EIN 203521137. It is classified under NTEE code B29.
How many years of IRS 990 filings does Sunshine Elementary Charter School Inc have?
Sunshine Elementary Charter School Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.4M in total revenue.
How does Sunshine Elementary Charter School Inc cover its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $3,136,039 expenses vs. $2,999,510 revenue in 2024). This suggests they may be drawing from accumulated reserves, receiving non-operating grants, or incurring debt to cover the difference.
What is the nature of the high liabilities reported by the organization?
In fiscal year 2024, liabilities were $10,153,029, exceeding assets of $9,662,936. This high level of liabilities, which has been a trend in recent years, could indicate significant debt related to facilities, bonds, or other long-term obligations that warrant further investigation.
Is the organization's financial position sustainable given the recurring deficits and high liabilities?
The recurring operating deficits and the high ratio of liabilities to assets (e.g., liabilities exceeding assets in 2024 and 2023) raise concerns about long-term financial sustainability. While the lack of executive compensation is positive, the organization needs a clear strategy to address these financial pressures.
Filing History
IRS 990 filing history for Sunshine Elementary Charter School Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Sunshine Elementary Charter School Inc's revenue has grown by 244.9%, moving from $870K to $3.0M. Total assets increased by 5048.7% over the same period, from $188K to $9.7M. Total functional expenses rose by 339.8%, from $713K to $3.1M. In its most recent filing year (2024), Sunshine Elementary Charter School Inc reported a deficit of $137K, with expenses exceeding revenue. The organization holds $10.2M in liabilities against $9.7M in assets (debt-to-asset ratio: 105.1%), resulting in net assets of $-490,093.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.0M | $3.1M | $9.7M | $10.2M | — | View 990 |
| 2023 | $2.8M | $3.2M | $10.3M | $10.6M | — | — |
| 2022 | $3.1M | $3.3M | $10.6M | $10.5M | — | View 990 |
| 2021 | $3.2M | $3.1M | $2.0M | $590K | — | — |
| 2020 | $3.2M | $3.3M | $1.5M | $190K | — | — |
| 2019 | $11.1M | $10.3M | $1.6M | $204K | — | View 990 |
| 2018 | $2.9M | $2.9M | $709K | $161K | — | View 990 |
| 2017 | $2.9M | $2.7M | $701K | $153K | — | View 990 |
| 2016 | $2.7M | $2.8M | $492K | $143K | — | View 990 |
| 2015 | $2.4M | $2.3M | $537K | $138K | — | View 990 |
| 2014 | $2.1M | $2.0M | $397K | $100K | — | View 990 |
| 2013 | $1.4M | $1.4M | $238K | $67K | — | View 990 |
| 2012 | $816K | $808K | $210K | $46K | — | View 990 |
| 2011 | $870K | $713K | $188K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.0M, expenses of $3.1M, and assets of $9.7M (revenue +7.2% year-over-year).
- 2023: Revenue of $2.8M, expenses of $3.2M, and assets of $10.3M (revenue -10.2% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.3M, and assets of $10.6M (revenue -3.6% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.1M, and assets of $2.0M (revenue +1.2% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.3M, and assets of $1.5M (revenue -71.4% year-over-year).
- 2019: Revenue of $11.1M, expenses of $10.3M, and assets of $1.6M (revenue +281.3% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.9M, and assets of $709K (revenue +1.4% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.7M, and assets of $701K (revenue +6.4% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.8M, and assets of $492K (revenue +13.6% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.3M, and assets of $537K (revenue +11.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.0M, and assets of $397K (revenue +50.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $238K (revenue +74.5% year-over-year).
- 2012: Revenue of $816K, expenses of $808K, and assets of $210K (revenue -6.2% year-over-year).
- 2011: Revenue of $870K, expenses of $713K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sunshine Elementary Charter School Inc:
Data Sources and Methodology
This transparency report for Sunshine Elementary Charter School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.