Harambee Inc

Analysis

Harambee Inc is a registered charity in United States, based in Conifer, CO. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Harambee Inc reported income of $71k and spending of $68k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $71k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Harambee Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include Sukoon Foundation ($71k), So Chabe Inc ($71k) and Kashmir Dost Anjuman Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.