Harambee USA Foundation

Analysis

Harambee USA Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Harambee USA Foundation reported income of $58k and spending of $32k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $58k (+5.4%), an average of +5.4% a year. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harambee USA Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include White Oak Grove Outreach Center ($58k), Los Gatos Rotary Scholarship Fund ($59k) and Highland Parent Organization ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.