Sabin Group I

Analysis

Sabin Group I is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Sabin Group I reported income of $189k and spending of $277k, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $157k to $189k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sabin Group I sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Covington Voa Elderly Housing Inc ($189k), Richland Four Ninety Inc ($189k) and Blanchester Friends Housing Inc ($189k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $7,877. At year end it held assets of $385k against liabilities of $473k, net assets of -$88k.

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.