American Friends of Le Korsa Inc

Analysis

American Friends of Le Korsa Inc is a registered charity in United States, based in Bethany, CT. It received its IRS tax-exemption ruling in August 2010, 16 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, American Friends of Le Korsa Inc reported income of $2.3m and spending of $2.0m, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $2.3m (+16%), an average of +3.0% a year. The sharpest change came in the year to December 2019, when income rose by 33%. Over the whole period it spent 94% 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 Le Korsa Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Greater Olean Community Foundation ($2.3m), The Tree of Life Foundation International Inc ($2.3m) and Bartlesville Regional United Way Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.4m against liabilities of $7,536, net assets of $2.4m.