Sankofa International Inc

Analysis

Sankofa International Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2002, 24 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, Sankofa International Inc reported income of $83k and spending of $79k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $83k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sankofa International Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 16th percentile within DC. Charities of a similar size with the same main cause include Back to School Roundup ($83k), Knights Initiative Inc ($83k) and Boscobel Community Foundation Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $110k against liabilities of $6,853, net assets of $103k.