Sambafunk Inc

Analysis

Sambafunk Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Sambafunk Inc reported income of $114k and spending of $108k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $58k to $114k (+96%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sambafunk Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Business School Alliance for Health Management ($114k), Martial Arts History Museum Inc ($115k) and An Occassion for the Arts Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.