Yemi and Bukola Adasofunjo Foundation Inc

Analysis

Yemi and Bukola Adasofunjo Foundation Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yemi and Bukola Adasofunjo Foundation Inc reported income of $149k and spending of $6,371, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $17k to $149k (+780%), an average of +780% a year. The sharpest change came in the year to December 2023, when income rose by 780%. Over the whole period it spent 5.4% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yemi and Bukola Adasofunjo Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Integrated Community Ministries Inc ($149k), Burke Day Care Inc ($149k) and Smyrna Rotary Club Charitable Foundation ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $370k against liabilities of $0, net assets of $370k.