American Friends of Itim Inc

Analysis

American Friends of Itim Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, American Friends of Itim Inc reported income of $1.1m and spending of $873k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $967k to $1.1m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Friends of Itim Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Corcoran Community Supporting Organization ($1.1m), National Black Trans Advocacy Coalition ($1.1m) and Michigan Municipal League Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.