Americares Foundation Inc

Analysis

Americares Foundation Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in November 1979, 47 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 June 2023, Americares Foundation Inc reported income of $1.56bn and spending of $1.51bn, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $976.3m to $1.56bn (+60%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Americares Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include World Vision ($1.51bn), Direct Relief ($2.27bn) and The Governors of the University of Alberta ($1.45bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $2.1m (0.1% of expenses). Other salaries and wages came to $29.3m. It paid $1.3m in professional fundraising fees. At year end it held assets of $380.2m against liabilities of $19.0m, net assets of $361.2m. It reported 265 employees.