Sankofa Community Development Corporation

Analysis

Sankofa Community Development Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Sankofa Community Development Corporation reported income of $2.7m and spending of $1.6m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.7m (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sankofa Community Development Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Annapolis Symphony Orchestra Association Inc ($2.7m), Lyme Academy of Fine Arts Inc ($2.7m) and Computer Using Educators Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $132k (8.1% of expenses). Other salaries and wages came to $458k. It paid $90k in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $374k, net assets of $2.5m. It reported 25 employees.