Sanad Trust Foundation Inc

Analysis

Sanad Trust Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sanad Trust Foundation Inc reported income of $209k and spending of $217k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $209k (-22%), an average of -6.1% a year. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sanad Trust Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include FRG Ministry International Inc ($209k), Cornell Ministries Inc ($209k) and New Creation Communities ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $57k (26% of expenses). Other salaries and wages came to $37k. At year end it held assets of $222k against liabilities of $6,415, net assets of $215k.