American Friends of Belz Inc

Analysis

American Friends of Belz Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, American Friends of Belz Inc reported income of $670k and spending of $785k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $594k to $670k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, American Friends of Belz Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Keygate Manor Inc ($669k), Tabitha Alf Real Estate Holding Inc ($670k) and The Salvation Army Pasadena Residences Inc ($669k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $500k, net assets of $660k.