Sankara Family Foundation

Analysis

Sankara Family Foundation is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sankara Family Foundation reported income of $52k and spending of $4,702, leaving 91% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $19k to $52k (+167%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 25% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sankara Family Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Federation Support Foundation 35 ($52k), The Redding East Rotary Foundation ($52k) and Lang Cares Foundation ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $234k against liabilities of $0, net assets of $234k.