Affinity Federal Credit Union Foundation Inc

Analysis

Affinity Federal Credit Union Foundation Inc is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in August 2007, 19 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 December 2023, Affinity Federal Credit Union Foundation Inc reported income of $260k and spending of $329k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $260k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Affinity Federal Credit Union Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Boca Raton Police Foundation Inc ($260k), Sandhills Out Reach Charity ($260k) and United Way for Cortland County Inc ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $734k against liabilities of $264k, net assets of $470k.