Amorgos Foundation Inc

Analysis

Amorgos Foundation Inc is a registered charity in United States, based in Astoria, 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, Amorgos Foundation Inc reported income of $97k and spending of $93k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $97k (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amorgos Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Compass-Kentucky Inc ($97k), Roatan Childrens Fund ($97k) and Antonio S Thomas Education Research Arts Foundation ($97k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 72% of the total. At year end it held assets of $446k against liabilities of $6,385, net assets of $440k.