Amib Endowment Fund Inc

Analysis

Amib Endowment Fund Inc is a registered charity in United States, based in Brick, NJ. It received its IRS tax-exemption ruling in January 1957, 69 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amib Endowment Fund Inc reported income of $381k and spending of $204k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $381k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amib Endowment Fund Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Wat Yarnna Rangsee Buddhist Monastery ($381k), Bethel Christian Camp and Retreat Center ($381k) and Learn Tampa Bay Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $7.4m against liabilities of $202k, net assets of $7.2m.