Samesame Inc

Analysis

Samesame Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2022, 4 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, Samesame Inc reported income of $265k and spending of $183k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $238k to $265k (+12%), an average of +12% a year. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Samesame Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Self Knowledge Base & Foundation ($265k), Radiate Coalition ($265k) and Alcohol & Drug Abuse Council of Contra Costa Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $59k. It paid $3,107 in professional fundraising fees. At year end it held assets of $620k against liabilities of $98k, net assets of $522k. It reported 1 employees.