American Foundation for Hungarian Literature and Education Ltd

Analysis

American Foundation for Hungarian Literature and Education Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1964, 62 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, American Foundation for Hungarian Literature and Education Ltd reported income of $142k and spending of $94k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $348k to $142k (-59%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Foundation for Hungarian Literature and Education Ltd sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include World History Association ($142k), Vermont Council on Physical Fitness and Sports Inc ($142k) and Little Ones Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 26% of the total. At year end it held assets of $414k against liabilities of $2,155, net assets of $411k.