Amer-Haitian Bon Zami Inc

Analysis

Amer-Haitian Bon Zami Inc is a registered charity in United States, based in Elizabethton, TN. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 June 2024, Amer-Haitian Bon Zami Inc reported income of $229k and spending of $321k, spending 140% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $351k to $229k (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amer-Haitian Bon Zami Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Hutchins Street Square Foundation ($229k), Knights Templar Educational Foundation of the Grand Encampment ($229k) and Share a Homes of the Virginia Peninsula ($229k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (15% of expenses). Other salaries and wages came to $6,000. At year end it held assets of $570k against liabilities of $0, net assets of $570k. It reported 2 employees.