Selamta Family Project Inc

Analysis

Selamta Family Project Inc is a registered charity in United States, based in Lake Placid, FL. It received its IRS tax-exemption ruling in April 2005, 21 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 December 2023, Selamta Family Project Inc reported income of $572k and spending of $605k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $529k to $572k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Selamta Family Project Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Sep United ($572k), St Paul Presbyterian Church Day Care Center ($572k) and Honor Flight Tucson ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $52k (8.6% of expenses). Other salaries and wages came to $83k. At year end it held assets of $47k against liabilities of $13k, net assets of $33k. It reported 4 employees.