Sagos Institute of Preaching and Bible Exposition

Analysis

Sagos Institute of Preaching and Bible Exposition is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sagos Institute of Preaching and Bible Exposition reported income of $92k and spending of $162k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $223k to $92k (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sagos Institute of Preaching and Bible Exposition sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include LH Panther Baseball Boosters ($92k), Valley Tiger Booster Club Inc ($92k) and Bonneville Chapter of the Intl Conf of Building Officials ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $131k. At year end it held assets of $37k against liabilities of $271, net assets of $37k. It reported 10 employees.

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.