Sankofa Impact

Analysis

Sankofa Impact is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 2022, Sankofa Impact reported income of $161k and spending of $421k, spending 261% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.3m to $161k (-93%), an average of -59% a year. The sharpest change came in the year to December 2020, when income dropped by 95%. Over the whole period it spent 62% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Sankofa Impact sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Oregon Progressive Alliance Inc ($161k), Greater Houston Police Activities League Inc ($162k) and Greater Palm Springs Pride Inc ($161k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $113k (27% of expenses). Other salaries and wages came to $108k. At year end it held assets of $1.0m against liabilities of $5,895, net assets of $1.0m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.