American Scottish Foundation Inc

Analysis

American Scottish Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1968, 58 years ago. 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 Scottish Foundation Inc reported income of $347k and spending of $376k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $407k to $347k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Scottish Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Helping Hand Rescue Mission ($347k), Miriam Hellman Prophetic Ministries Inc ($347k) and Habitat for Humanity International Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $64k (17% of expenses). At year end it held assets of $195k against liabilities of $204k, net assets of -$9,303.

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.