Afya Foundation Inc

Analysis

Afya Foundation Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Afya Foundation Inc reported income of $11.6m and spending of $10.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $11.6m (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 191%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Afya Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Parc Community Partnership Foundation ($11.6m), Schenectady Community Action Program Inc ($11.6m) and David Nicklas Organ Donor Awareness Foundation Inc ($11.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $214k (2.0% of expenses). Other salaries and wages came to $1.7m. It paid $94k in professional fundraising fees. At year end it held assets of $10.9m against liabilities of $3.4m, net assets of $7.4m. It reported 34 employees.