American Friends of Aram Soba

Analysis

American Friends of Aram Soba is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, American Friends of Aram Soba reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $719k to $1.2m (+61%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Aram Soba sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Eddie James Ministries Inc ($1.2m), Ambassadors for Christ International-Usa Inc ($1.2m) and Maryland Bible College & Seminary Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (12% of expenses). Other salaries and wages came to $66k. At year end it held assets of $101k against liabilities of $15k, net assets of $86k. It reported 2 employees.