American Friends of Matan Inc

Analysis

American Friends of Matan Inc is a registered charity in United States, based in Pomona, NY. It received its IRS tax-exemption ruling in June 1992, 34 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 2022, American Friends of Matan Inc reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.3m to $1.1m (-15%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Friends of Matan Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include United Way of Odessa Inc ($1.1m), National Christian Charitable Foundation Inc ($1.1m) and Riverdale School Foundation ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $45k (4.4% of expenses). Other salaries and wages came to $87k. At year end it held assets of $1.4m against liabilities of $301, net assets of $1.4m. It reported 2 employees.