Saylani Welfare Trust USA

Analysis

Saylani Welfare Trust USA is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Saylani Welfare Trust USA reported income of $1.7m and spending of $1.7m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $1.7m (+1263%), an average of +1263% a year. The sharpest change came in the year to December 2023, when income rose by 1263%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saylani Welfare Trust USA sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Nobodys Perfect Inc ($1.7m), National Foundation for Youth Inc ($1.7m) and Monroe Joint Venture Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.