Sankofa School of Success Inc

Analysis

Sankofa School of Success Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sankofa School of Success Inc reported income of $3.2m and spending of $2.6m, spending 82% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.8m to $3.2m (+15%), an average of +7.1% a year. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sankofa School of Success Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Community Christian School of Willmar ($3.2m), The Nea Foundation for the Improvement of Education ($3.2m) and Siouxland Community Christian School Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $321k (12% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.9m against liabilities of $57k, net assets of $1.8m. It reported 49 employees.