Sobalto Inc

Analysis

Sobalto Inc is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Sobalto Inc reported income of $174k and spending of $121k, leaving 30% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income grew from $55k to $174k (+216%), an average of +33% a year. The sharpest change came in the year to August 2023, when income rose by 144%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sobalto Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Northside Health Center Inc ($173k), Turning Point Christian Center Inc ($174k) and Transportation Assistance for Seacoast Citizens ($173k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.2% and program service revenue 11% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.