Advancing Families Foundation Incorporated

Analysis

Advancing Families Foundation Incorporated is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Advancing Families Foundation Incorporated reported income of $1.9m and spending of $681k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $1.9m (+2143%), an average of +118% a year. The sharpest change came in the year to December 2022, when income rose by 1828%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advancing Families Foundation Incorporated 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 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include National Christian College Athletic Association ($1.9m), Ohio Community Action Training Organization ($1.9m) and Friends of Basis Louisiana ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,000 (0.7% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.