Amherst Area Foundation Inc

Analysis

Amherst Area Foundation Inc is a registered charity in United States, based in Amherst, WI. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Amherst Area Foundation Inc reported income of $325k and spending of $295k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $329k to $325k (-1.3%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 74%. 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, Amherst Area Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Rock Spring Preschool Association ($325k), United Marriage Encounter ($325k) and Options for Women of Pike County ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 33% of the total. Other salaries and wages came to $98k. At year end it held assets of $898k against liabilities of $6,945, net assets of $891k. It reported 8 employees.