New Selam Community Reconciliation Network

Analysis

New Selam Community Reconciliation Network is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, New Selam Community Reconciliation Network reported income of $60k and spending of $56k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $87k to $60k (-31%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Selam Community Reconciliation Network 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 23rd percentile, and in the 18th percentile within WA. Charities of a similar size with the same main cause include Bangladesh Unity Federation of Los Angeles-Bufla ($60k), Oakwood Chamber Players Inc ($60k) and Friends of the Community Growing Center Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of -$15k against liabilities of $0, net assets of -$15k.