Friends of Chikumbuso Inc

Analysis

Friends of Chikumbuso Inc is a registered charity in United States, based in N Stonington, CT. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of Chikumbuso Inc reported income of $494k and spending of $469k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $497k to $494k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Chikumbuso Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Nhat Tam Charity ($494k), The Leelanau Township Community Foundation Inc ($494k) and United Way of Passaic County ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $70k (15% of expenses). At year end it held assets of $391k against liabilities of $2,270, net assets of $388k. It reported 1 employees.