Foundation Cheikh Amadou Bamba of North America

Analysis

Foundation Cheikh Amadou Bamba of North America is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation Cheikh Amadou Bamba of North America reported income of $446k and spending of $444k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $446k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation Cheikh Amadou Bamba of North America sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Helping Establish Assistance Resource Team Heart ($446k), Dress for Success Oklahoma City Inc ($446k) and Help of Beaufort ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.8m against liabilities of $173k, net assets of $1.6m.