Afms Scholarship Foundation Inc

Analysis

Afms Scholarship Foundation Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Afms Scholarship Foundation Inc reported income of $82k and spending of $68k, spending 83% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $89k to $82k (-8.6%), an average of -2.2% a year. The sharpest change came in the year to October 2021, when income rose by 140%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Afms Scholarship Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Shape Up US Inc ($82k), North-South All Stars Inc ($82k) and Juxtaposition Inc ($82k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.