American Hungarian Friends of Scouting

Analysis

American Hungarian Friends of Scouting is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Hungarian Friends of Scouting reported income of $314k and spending of $149k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $314k (+130%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 62% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, American Hungarian Friends of Scouting sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Fore LA Kids Inc ($313k), Friends and Mentors Inc ($314k) and Can Do Kids NFP ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 4.2% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.