American Friends of B Nai Levy Foundation

Analysis

American Friends of B Nai Levy Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1999, 27 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 B Nai Levy Foundation reported income of $17.3m and spending of $20.1m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $17.3m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 163%. Over the whole period it spent 105% 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 B Nai Levy Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Community Foundation of Eastern Connecticut ($17.3m), Virginia Institute of Autism Incorporated ($17.3m) and United Way of Palm Beach County Inc ($17.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $584k against liabilities of $9.4m, net assets of -$8.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.