Al-Basit Foundation

Analysis

Al-Basit Foundation is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Al-Basit Foundation reported income of $152k and spending of $137k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $158k to $152k (-3.8%), an average of -3.8% a year. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Al-Basit Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Friends of Project Renew ($152k), Ubuntu Center for Peace ($152k) and Sister Cities of Nashville Inc ($152k).

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 $21k against liabilities of $0, net assets of $21k.