Samaritas Foundation

Analysis

Samaritas Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Samaritas Foundation reported income of $63k and spending of $958k, spending 1510% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $959k to $63k (-93%), an average of -49% a year. The sharpest change came in the year to December 2020, when income rose by 369%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Samaritas Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Art FM Inc ($63k), Project Kind a NJ Nonprofit Corporation ($63k) and Banaat-Tun-Noor International ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $20.9m against liabilities of $0, net assets of $20.9m.