Near & Far Aid Association Inc

Analysis

Near & Far Aid Association Inc is a registered charity in United States, based in Southport, CT. It received its IRS tax-exemption ruling in June 1973, 53 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Near & Far Aid Association Inc reported income of $1.3m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.3m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Near & Far Aid Association Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Etna Economic Development Corporation ($1.3m), Plumbing & Heating Jatc of Rochester Ua ($1.3m) and Hispanic Foundation of Silicon Valley ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.9m against liabilities of $13k, net assets of $1.9m.