Azahar Foundation Ltd

Analysis

Azahar Foundation Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Azahar Foundation Ltd reported income of $204k and spending of $206k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $278k to $204k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Azahar Foundation Ltd sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Hope for Families ($204k), 4 Degrees Alpine Ski Team ($204k) and Gods Broken Home University ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $118k (58% of expenses). At year end it held assets of $56k against liabilities of $64k, net assets of -$7,243.