Obakki Foundation USA

Analysis

Obakki Foundation USA is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, 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).

In the financial year ending April 2024, Obakki Foundation USA reported income of $196k and spending of $111k, leaving 44% of income unspent that year. Across the 5 years on record, from April 2019 to April 2024, income fell from $618k to $196k (-68%), an average of -25% a year. The sharpest change came in the year to April 2024, when income rose by 572%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Obakki Foundation USA sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile. Charities of a similar size with the same main cause include Focus on the Children ($196k), Mentoring Womens Network Foundation Inc ($196k) and Feed My Sheep in the High Desert ($196k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $11k, net assets of $87k.