Afsnc Inc

Analysis

Afsnc Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Afsnc Inc reported income of $5.0m and spending of $9.1m, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.4m to $5.0m (-63%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 106% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Afsnc 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 89th percentile within NY. Charities of a similar size with the same main cause include Ezer Mzion Inc ($4.9m), Texas International Education Consortium ($5.0m) and Junior Achievement of Dallas Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $431k against liabilities of $138k, net assets of $294k.