Can Obiejemba Family Foundation Inc

Analysis

Can Obiejemba Family Foundation Inc is a registered charity in United States, based in Fulton, MD. It received its IRS tax-exemption ruling in March 2021, 5 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, Can Obiejemba Family Foundation Inc reported income of $305k and spending of $325k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $305k (+170%), an average of +170% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Can Obiejemba Family Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Scottish Rite Foundation of South Dakota ($305k), Greater Columbus Community Helpinghands Inc ($306k) and American Friends of Rinat Aharon Inc ($305k).

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 $17k against liabilities of $0, net assets of $17k.