American Friends of Tikvot

Analysis

American Friends of Tikvot is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in March 2013, 13 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, American Friends of Tikvot reported income of $74k and spending of $148k, spending 200% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $74k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Friends of Tikvot sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Ivy Rose Foundation Incorporated ($74k), Friends of El Faro Orphanage Inc ($74k) and Las Animas Helping Hands ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.