SBCS Corporation

Analysis

SBCS Corporation is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, SBCS Corporation reported income of $51.5m and spending of $63.1m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.5m to $51.5m (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 186%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, SBCS Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Newbridge on the Charles Inc ($51.4m), Chicago Commons Association ($51.5m) and Developmental Pathways Inc ($51.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $1.0m (1.6% of expenses). Other salaries and wages came to $21.4m. At year end it held assets of $57.4m against liabilities of $45.8m, net assets of $11.6m. It reported 553 employees.