The American Ireland Fund

Analysis

The American Ireland Fund is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1976, 50 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, The American Ireland Fund reported income of $27.3m and spending of $25.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.3m to $27.3m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The American Ireland Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Lancer Educational Housingcorporation ($27.3m), Vanderheyden Hall Inc ($27.4m) and Westminster Village North Inc ($27.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $784k (3.1% of expenses). Other salaries and wages came to $1.8m. It paid $56k in professional fundraising fees. At year end it held assets of $26.3m against liabilities of $5.3m, net assets of $21.0m. It reported 19 employees.