Amicus

Analysis

Amicus is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Amicus reported income of $5.2m and spending of $4.8m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.2m to $5.2m (+24%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amicus sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Lower Chattahoochee Direct Service Corp ($5.2m), African Development Center ($5.2m) and Restore NYC Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $171k (3.6% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $4.7m against liabilities of $376k, net assets of $4.3m. It reported 92 employees.