Sapientia Initiative Inc

Analysis

Sapientia Initiative Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 August 2023, Sapientia Initiative Inc reported income of $537k and spending of $414k, leaving 23% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $451k to $537k (+19%), an average of +6.0% a year. The sharpest change came in the year to August 2022, when income rose by 121%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sapientia Initiative Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Lamb Foundation of North Carolina Inc ($537k), People and Animal Learning Services Inc ($538k) and Droste Mental Health Services Inc ($537k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $72k (18% of expenses). Other salaries and wages came to $59k. It paid $2,610 in professional fundraising fees. At year end it held assets of $586k against liabilities of $176k, net assets of $410k. It reported 2 employees.