Yaqeen Welfare Foundation

Analysis

Yaqeen Welfare Foundation is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yaqeen Welfare Foundation reported income of $190k and spending of $65k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $190k (+407%), an average of +407% a year. The sharpest change came in the year to December 2023, when income rose by 407%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yaqeen Welfare Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Blindconnect Inc ($190k), Joy Senior Apartments Inc ($190k) and Heroes Supporting Heroes ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $214k against liabilities of $0, net assets of $214k.