Am and FM Enterprise Inc

Analysis

Am and FM Enterprise Inc is a registered charity in United States, based in Palmetto, FL. It received its IRS tax-exemption ruling in August 2006, 20 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 2022, Am and FM Enterprise Inc reported income of $554k and spending of $525k, spending 95% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $501k to $554k (+10%), an average of +10% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Am and FM Enterprise Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include A Family Option Adoption Agency a NJ Nonprofit Corporation ($553k), Reins to Recovery Inc ($554k) and Griot Circle ($553k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $127k (24% of expenses). Other salaries and wages came to $200k. At year end it held assets of $60k against liabilities of $57k, net assets of $3,231. It reported 22 employees.