Debo Inc

Analysis

Debo Inc is a registered charity in United States, based in Tarzana, CA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Debo Inc reported income of $99k and spending of $74k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $99k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Debo Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Coplay ($99k), Families Reaching Out Group ($99k) and Bangor YMCA Foundation ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.