Sastic

Analysis

Sastic is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sastic reported income of $76k and spending of $114k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $76k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sastic sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Creekside Parent Organization ($76k), Big Rapids High School Hockey Boosters Inc ($76k) and Friends of the Rancho Santa Margarita Library ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.