Khifaya Foundation Inc

Analysis

Khifaya Foundation Inc is a registered charity in United States, based in Alameda, CA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Khifaya Foundation Inc reported income of $510k and spending of $154k, leaving 70% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $152k to $510k (+235%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 226%. Over the whole period it spent 56% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Khifaya Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Fresh Wind Recovery Ministry Inc ($510k), Church of the Harvest ($510k) and Mision Isaias 55 Inc ($510k).

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 $363k against liabilities of $0, net assets of $363k.