Sobrania Inc

Analysis

Sobrania Inc is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in November 1986, 40 years ago. 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 December 2023, Sobrania Inc reported income of $185k and spending of $167k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $168k to $185k (+10%), an average of +2.5% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sobrania Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within WV. Charities of a similar size with the same main cause include W H & Edgar Magness Community House & Library ($185k), Community Leadership Development Program of Niagara County Inc ($185k) and Economic Club of Colorado Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $57k (34% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.0m against liabilities of $521, net assets of $1000k. It reported 3 employees.