The American Center for Philanthropy Inc

Analysis

The American Center for Philanthropy Inc is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in February 2002, 24 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, The American Center for Philanthropy Inc reported income of $5.4m and spending of $5.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $5.4m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The American Center for Philanthropy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Community Foundation of Southwest Louisiana ($5.3m), United Way of the Virginia Peninsula ($5.4m) and Chanan Foundation Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $41.2m against liabilities of $213k, net assets of $41.0m.