Sambica

Analysis

Sambica is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Sambica reported income of $3.5m and spending of $2.6m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.5m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sambica sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Fiesta Events Inc ($3.5m), West Fargo Hockey Association Inc ($3.5m) and Florida Region of USA Volleyball Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $96k (3.7% of expenses). Other salaries and wages came to $818k. At year end it held assets of $7.9m against liabilities of $1.3m, net assets of $6.6m. It reported 163 employees.