The Sanneh Foundation Inc

Analysis

The Sanneh Foundation Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2004, 22 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 July 2023, The Sanneh Foundation Inc reported income of $7.5m and spending of $8.7m, spending 115% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.8m to $7.5m (+172%), an average of +28% a year. The sharpest change came in the year to July 2020, when income rose by 54%. 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, The Sanneh Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Youthbuild Newark Inc ($7.5m), Fort Worth Stockshow Syndicate ($7.6m) and Girl Scouts-Spirit of Nebraska ($7.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 80% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $152k (1.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $13.4m against liabilities of $3.5m, net assets of $9.9m. It reported 155 employees.