Amani Foundation Inc

Analysis

Amani Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Amani Foundation Inc reported income of $625k and spending of $497k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $625k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Amani Foundation Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Endeavor Initiative Puerto Rico Inc ($625k), Groundwork Somerville Inc ($625k) and Leadership Foundation of Greater Las Vegas Inc ($624k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $48k (9.6% of expenses). Other salaries and wages came to $87k. At year end it held assets of $747k against liabilities of $50k, net assets of $697k. It reported 15 employees.