Amani Family Foundation
Amani Family Foundation shows strong asset growth and minimal liabilities with no reported officer compensation.
EIN: 208037973 · Wilmington, DE · NTEE: T21 · Updated: 2026-03-28
Is Amani Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amani Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amani Family Foundation
Amani Family Foundation (EIN: 208037973) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T21. The organization reported total revenue of $17.8M and total assets of $56.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amani Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amani Family Foundation is a large nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 51.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$4.9M |
| Total Assets | $51.2M |
| Total Liabilities | $1 |
| Net Assets | $51.2M |
| Operating Margin | 62.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.0 months |
Financial Health Grade: A
In 2023, Amani Family Foundation reported a surplus of $4.9M with revenue exceeding expenses, holds 206.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Amani Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 51.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +115.8% | +15.6% | +10.7% |
| 2022 | -77.4% | +14.7% | +0.9% |
| 2021 | +254.5% | +69.6% | +48.8% |
| 2020 | -57.8% | +29.1% | +13.7% |
| 2019 | +693527.8% | +96.6% | +231.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Amani Family Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Amani Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly unusual for an organization of its size with assets exceeding $56 million and annual revenues often in the millions.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Amani Family Foundation's IRS 990 filings:
- Highly variable revenue streams, making future income less predictable.
- Lack of detailed expense breakdown in provided data makes precise program vs. admin spending difficult to ascertain without full 990 forms.
Strengths
The following positive indicators were identified for Amani Family Foundation:
- Consistent asset growth, indicating strong financial health and sustainability.
- Minimal liabilities, often reported as $1, reflecting a very strong balance sheet.
- 0% officer compensation reported across all filings, demonstrating a high commitment to mission-focused spending.
- Expenses consistently well below revenue, suggesting efficient financial management and resource accumulation.
- Regular IRS 990 filings, indicating good transparency practices.
Frequently Asked Questions about Amani Family Foundation
Is Amani Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Amani Family Foundation (EIN: 208037973) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Amani Family Foundation spend its money?
Amani Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Amani Family Foundation tax-deductible?
Amani Family Foundation is registered as a tax-exempt nonprofit (EIN: 208037973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Amani Family Foundation a good charity?
Based on the available IRS 990 data, Amani Family Foundation appears to be a financially sound organization with strong asset growth, minimal liabilities, and a remarkable commitment to not paying executive compensation. Its spending efficiency, where expenses are consistently much lower than revenue, suggests effective financial management and a focus on building long-term capacity or endowment. The lack of officer compensation is a significant positive indicator for donors concerned about funds being diverted to salaries.
How does Amani Family Foundation manage its expenses relative to its income?
The foundation consistently manages its expenses to be significantly lower than its income. For instance, in 2023, expenses were $2,984,758 against revenues of $7,898,006. This pattern is observed across multiple years, indicating a strategy of retaining or investing a substantial portion of its revenue, contributing to its substantial asset growth from $7.6 million in 2011 to $56.4 million currently.
What is the trend in Amani Family Foundation's assets?
Amani Family Foundation has shown consistent and substantial asset growth over the past decade. Assets have increased from $7,635,037 in 2011 to $56,439,575 currently, demonstrating strong financial stewardship and accumulation of resources. This growth is particularly notable given the fluctuating annual revenues.
Filing History
IRS 990 filing history for Amani Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Amani Family Foundation's revenue has grown by 14385.9%, moving from $55K to $7.9M. Total assets increased by 571.2% over the same period, from $7.6M to $51.2M. Total functional expenses rose by 771.1%, from $343K to $3.0M. In its most recent filing year (2023), Amani Family Foundation reported a surplus of $4.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $51.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $51.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $3.0M | $51.2M | $1 | — | — |
| 2022 | $3.7M | $2.6M | $46.3M | $17K | — | View 990 |
| 2021 | $16.2M | $2.3M | $45.8M | $22K | — | View 990 |
| 2020 | $4.6M | $1.3M | $30.8M | $1 | — | View 990 |
| 2019 | $10.8M | $1.0M | $27.1M | $1 | — | View 990 |
| 2015 | $2K | $523K | $8.2M | $1 | — | View 990 |
| 2014 | $1.8M | $541K | $8.7M | $1 | — | View 990 |
| 2013 | $575K | $407K | $7.5M | $1 | — | View 990 |
| 2012 | $23K | $371K | $7.3M | $1 | — | View 990 |
| 2011 | $55K | $343K | $7.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $3.0M, and assets of $51.2M (revenue +115.8% year-over-year).
- 2022: Revenue of $3.7M, expenses of $2.6M, and assets of $46.3M (revenue -77.4% year-over-year).
- 2021: Revenue of $16.2M, expenses of $2.3M, and assets of $45.8M (revenue +254.5% year-over-year).
- 2020: Revenue of $4.6M, expenses of $1.3M, and assets of $30.8M (revenue -57.8% year-over-year).
- 2019: Revenue of $10.8M, expenses of $1.0M, and assets of $27.1M (revenue +693527.8% year-over-year).
- 2015: Revenue of $2K, expenses of $523K, and assets of $8.2M (revenue -99.9% year-over-year).
- 2014: Revenue of $1.8M, expenses of $541K, and assets of $8.7M (revenue +208.1% year-over-year).
- 2013: Revenue of $575K, expenses of $407K, and assets of $7.5M (revenue +2399.4% year-over-year).
- 2012: Revenue of $23K, expenses of $371K, and assets of $7.3M (revenue -57.8% year-over-year).
- 2011: Revenue of $55K, expenses of $343K, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amani Family Foundation:
Data Sources and Methodology
This transparency report for Amani Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.