Friends of Ahavat Shalom Inc

Analysis

Friends of Ahavat Shalom Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in December 1997, 29 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, Friends of Ahavat Shalom Inc reported income of $10.0m and spending of $12.0m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $10.0m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Ahavat Shalom Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Energy and Environmental Research Center Foundation ($9.9m), Silver Valley Research Foundation ($10.0m) and Community Foundation of Anne Arundel County Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.