Sakena Fund

Analysis

Sakena Fund is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Sakena Fund reported income of $1.5m and spending of $1.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 81% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sakena Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include E-Collaborative for Civic Education ($1.5m), Ukraine Aid ($1.5m) and Forte International Exchange Assn ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $171k. At year end it held assets of $4.8m against liabilities of $384k, net assets of $4.4m. It reported 3 employees.