Sakan Community Resource Inc

Analysis

Sakan Community Resource Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2016, 10 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, Sakan Community Resource Inc reported income of $256k and spending of $178k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $122k to $256k (+110%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sakan Community Resource Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Pedro Bay Benefits Corporation Inc ($256k), Quincy Business & Technology Corporation ($256k) and Area 1 Limited Energy Jatc Ma1099 ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $74k (42% of expenses). Other salaries and wages came to $13k. At year end it held assets of $278k against liabilities of $0, net assets of $278k. It reported 3 employees.