Sirat Initiative

Analysis

Sirat Initiative is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in December 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, Sirat Initiative reported income of $269k and spending of $249k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $210k to $269k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sirat Initiative sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Loper Athletic Club ($269k), Conway Foundation Inc ($269k) and Share Detroit Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 93% of the total. At year end it held assets of $124k against liabilities of $10k, net assets of $114k.