Sapientia Association Inc

Analysis

Sapientia Association Inc is a registered charity in United States, based in South Salem, NY. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Sapientia Association Inc reported income of $101k and spending of $126k, spending 124% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $86k to $101k (+18%), an average of +4.3% a year. The sharpest change came in the year to March 2021, when income rose by 1395%. Over the whole period it spent 38% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sapientia Association Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Society for Sister Paula ($101k), Evangelist Carl L Brown Ministries ($101k) and Manna Ministries Inc ($101k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $820k, net assets of $971k.

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.