Selam Foundation

Analysis

Selam Foundation is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in August 2014, 12 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, Selam Foundation reported income of $444k and spending of $344k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $363k to $444k (+22%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Selam Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Neighbors in Ministry ($444k), RMDC Eagle Rock Inc ($444k) and Project Sweet Peas ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.4m against liabilities of $461k, net assets of $959k.