Sobrato Early Academic Language Program

Analysis

Sobrato Early Academic Language Program is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Sobrato Early Academic Language Program reported income of $17.8m and spending of $8.3m, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.8m to $17.8m (+81%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 124%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sobrato Early Academic Language Program sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Youthprise ($17.8m), Pathway Inc ($17.8m) and Westminster Christian Academy Association ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $942k (11% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $16.2m against liabilities of $723k, net assets of $15.5m. It reported 44 employees.