Sabores Well

Analysis

Sabores Well is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sabores Well reported income of $156k and spending of $58k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $156k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 41% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sabores Well sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Colorbold Business Association Inc ($155k), Greater Bridgman Area Chamber of Commerce and Growth Alliance ($156k) and Anchored Ministries ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $299k against liabilities of $0, net assets of $299k.