Sapibon Foundation Inc

Analysis

Sapibon Foundation Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in December 2022, 4 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 October 2024, Sapibon Foundation Inc reported income of $348k and spending of $348k, spending 100% of its income. Across the 3 years on record, from October 2022 to October 2024, income grew from $216k to $348k (+61%), an average of +27% a year. The sharpest change came in the year to October 2023, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sapibon Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Sound the Trumpet Ministries International ($348k), Friends of Potrero Hill Nursery ($348k) and Highland Childrens House ($348k).

On its Form 990 for the period ending October 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.