Sobrato Foundation

Analysis

Sobrato Foundation is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sobrato Foundation reported income of $2.8m and spending of $18.2m, spending 653% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.3m to $2.8m (-56%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 2014%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sobrato Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Phillies Charities Inc ($2.8m), Emergency Feeding Program of Seattle & King County ($2.8m) and The Enrichment Center an Affiliated Chapter of the Arc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 77% of the total. At year end it held assets of $126.1m against liabilities of $4.2m, net assets of $121.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.