Sapphire Therapeutic Services

Analysis

Sapphire Therapeutic Services is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2023, Sapphire Therapeutic Services reported income of $59k and spending of $57k, spending 98% of its income. Across the 4 years on record, from April 2020 to April 2023, income fell from $96k to $59k (-39%), an average of -15% a year. The sharpest change came in the year to April 2023, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sapphire Therapeutic Services sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Sertoma Inc ($59k), Boundless Empowerment ($59k) and Neighbors Who Care Inc ($59k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 8.5% and program service revenue 92% of the total. Other salaries and wages came to $36k. At year end it held assets of $32k against liabilities of $27k, net assets of $5,758. It reported 1 employees.