Associazione Amici Inc

Analysis

Associazione Amici Inc is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Associazione Amici Inc reported income of $135k and spending of $104k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $166k to $135k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. 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, Associazione Amici Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Anthony Wayne Band Boosters ($135k), Baptist Medical Dental Fellowship ($135k) and Hudson Area Library Foundation Inc ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 41% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.