Amic Holding Co Inc

Analysis

Amic Holding Co Inc is a registered charity in United States, based in Briarcliff, NY. It received its IRS tax-exemption ruling in January 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amic Holding Co Inc reported income of $177k and spending of $259k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $177k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amic Holding Co Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Parent Booster USA Inc ($177k), American Society of Civil Engineers ($177k) and Gresham Japanese Garden ($177k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $973k, net assets of $527k.