American Friends of Sulam Inc

Analysis

American Friends of Sulam Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in January 2001, 25 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 2024, American Friends of Sulam Inc reported income of $199k and spending of $213k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $311k to $199k (-36%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 153%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Friends of Sulam Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include New Story Leadership Inc ($199k), New Ways for Africa Inc ($199k) and Redeemed Ministries Inc ($199k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $950, net assets of $15k.

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.