Umma Foundation Inc

Analysis

Umma Foundation Inc is a registered charity in United States, based in Stanton Island, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Umma Foundation Inc reported income of $1.1m and spending of $999k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $3,125 to $1.1m (+36258%), an average of +1807% a year. The sharpest change came in the year to December 2022, when income rose by 18578%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Umma Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Miss Laura M Raymond Homes Inc ($1.1m), Haven Towers Development Corporation ($1.1m) and Gwinnett Housing Corporation ($1.1m).

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 $274k against liabilities of $7,795, net assets of $266k.