American-Scandinavian Foundation

Analysis

American-Scandinavian Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1920, 106 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, American-Scandinavian Foundation reported income of $4.2m and spending of $4.7m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.5m to $4.2m (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American-Scandinavian Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Opportunity International Nicaragua Inc ($4.2m), International Childrens Care Inc ($4.3m) and Asha for Education ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $310k (6.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $50.0m against liabilities of $1.2m, net assets of $48.8m. It reported 31 employees.