American Friends of Lema an Achai

Analysis

American Friends of Lema an Achai is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in April 2006, 20 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 June 2022, American Friends of Lema an Achai reported income of $1.1m and spending of $531k, leaving 53% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $654k to $1.1m (+71%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 64% 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 Lema an Achai 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 77th percentile within NY. Charities of a similar size with the same main cause include Cosmosphere Foundation ($1.1m), Morrow Education Foundation ($1.1m) and B Charitable Inc ($1.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $6,697, net assets of $1.5m.