Amistades Inc

Analysis

Amistades Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Amistades Inc reported income of $2.4m and spending of $2.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $719k to $2.4m (+227%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amistades Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include All of Gods Childrens Group Home ($2.3m), Teens Grow Greens Inc ($2.4m) and Elizabeth Mascia Child Care Center Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $771k. At year end it held assets of $1.0m against liabilities of $561k, net assets of $485k. It reported 25 employees.