Friends of Arachim Inc

Analysis

Friends of Arachim Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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, Friends of Arachim Inc reported income of $1.4m and spending of $305k, leaving 78% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $908k to $1.4m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Arachim Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Global Pearls LLC ($1.4m), Hmong Institute Incorporated ($1.4m) and Museum of American Finance ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $13.1m against liabilities of $571k, net assets of $12.5m.