Bani Adam

Analysis

Bani Adam is a registered charity in United States, based in Farmingdale, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Bani Adam reported income of $673k and spending of $1.2m, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $673k (+203%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bani Adam sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Omega Lamplighters Inc ($672k), Washington Finance Officers Association ($673k) and The Boys and Girls Club of Chambersburg & Shippensburg Inc ($672k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (7.0% of expenses). At year end it held assets of $1.2m against liabilities of $104k, net assets of $1.1m. It reported 1 employees.