American Friends of the New Economic School Inc

Analysis

American Friends of the New Economic School Inc is a registered charity in United States, based in University Park, PA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 August 2023, American Friends of the New Economic School Inc reported income of $159k and spending of $286k, spending 180% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $398k to $159k (-60%), an average of -20% a year. The sharpest change came in the year to August 2022, when income dropped by 57%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Friends of the New Economic School Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Centro Santa Catalina ($159k), Laos Literacy Project Inc ($159k) and Creative Women of the World Inc ($159k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.