Ami Foundation Inc

Analysis

Ami Foundation Inc is a registered charity in United States, based in Pleasantville, NJ. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ami Foundation Inc reported income of $189k and spending of $214k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $189k (-19%), an average of -5.3% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ami Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Gloucester Fund Inc ($188k), Epic Girl ($189k) and RJB Education Equity Foundation ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 25% of the total. At year end it held assets of $114k against liabilities of $42k, net assets of $73k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.