Sabana Grande Community and Economic Development

Analysis

Sabana Grande Community and Economic Development is a registered charity in United States, based in Sabana Grande, PR. It received its IRS tax-exemption ruling in January 2012, 14 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, Sabana Grande Community and Economic Development reported income of $447k and spending of $429k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $447k (-87%), an average of -40% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sabana Grande Community and Economic Development sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 53rd percentile within PR. Charities of a similar size with the same main cause include Globe Aware ($447k), Washington Wine Industry Foundation ($448k) and Junior League of Tyler Inc ($447k).

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 $64k against liabilities of $11k, net assets of $52k.