American Friends of Meir Panim

Analysis

American Friends of Meir Panim is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2005, 21 years ago. 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 2023, American Friends of Meir Panim reported income of $8.4m and spending of $8.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $8.4m (+125%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Friends of Meir Panim sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Cen-Tex Association for Retarded Children ($8.4m), Housing Resources of Western Colorado ($8.4m) and Little Sisters of the Poor Chicago Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $469k (5.5% of expenses). Other salaries and wages came to $203k. At year end it held assets of $3.2m against liabilities of $41k, net assets of $3.1m. It reported 6 employees.