American Friends of the College of Management Inc

Analysis

American Friends of the College of Management Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Friends of the College of Management Inc reported income of $62k and spending of $79k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $62k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 120% 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 the College of Management Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Paul Davis Charitable Fund Inc ($62k), Cleburne Chamber of Commerce Foundation ($62k) and Kernels Foundation ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,554 against liabilities of $0, net assets of $1,554.