Afar Inc

Analysis

Afar Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2009, 17 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, Afar Inc reported income of $1.2m and spending of $869k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $1.2m (+390%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 857%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Afar Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Jewish Family Services of Northeastern New York ($1.2m), Sherman Phoenix Foundation Inc ($1.2m) and North West Montana Veterans Stand Down ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $162k (19% of expenses). Other salaries and wages came to $289k. It paid $16k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $84k, net assets of $3.4m. It reported 9 employees.