Amac Foundation Inc

Analysis

Amac Foundation Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in June 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, Amac Foundation Inc reported income of $361k and spending of $480k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $361k (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amac Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Oneida Stake Academy Foundation Inc ($361k), Mustard Seed Ministries Inc ($361k) and Coppers Dream Rescue ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $265k. At year end it held assets of $181k against liabilities of $19k, net assets of $162k. It reported 9 employees.