American Friends of Bin Olam

Analysis

American Friends of Bin Olam is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2021, American Friends of Bin Olam reported income of $57k and spending of $55k, spending 96% of its income. Across the 2 years on record, from December 2020 to December 2021, income fell from $163k to $57k (-65%), an average of -65% a year. The sharpest change came in the year to December 2021, when income dropped by 65%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Bin Olam sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include True Life Counseling Ministry Inc ($57k), New Vision Fellowship Church ($57k) and Ministerio Internacional Camino Verdad Y Vida ($57k).

On its Form 990-EZ for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.