Sanabil Foundation

Analysis

Sanabil Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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 December 2023, Sanabil Foundation reported income of $536k and spending of $473k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $494k to $536k (+8.5%), an average of +8.5% a year. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sanabil Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Sunset Elderly Housing Corporation ($536k), Frederick Douglas Community Development Corp ($536k) and Omni Youth Programs ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.