Project Sankofa Inc

Analysis

Project Sankofa Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Project Sankofa Inc reported income of $368k and spending of $327k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,225 to $368k (+6949%), an average of +6949% a year. The sharpest change came in the year to December 2023, when income rose by 6949%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Sankofa Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Court Appointed Special Advocate Program of Baltimore ($368k), Sunlight Gardens ($368k) and Community Assistance Radioendowment Inc ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% of the total. Other salaries and wages came to $64k. At year end it held assets of $41k against liabilities of $0, net assets of $41k.