Amity Foundation

Analysis

Amity Foundation is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Amity Foundation reported income of $1.5m and spending of $671k, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $384k to $1.5m (+292%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 393%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amity Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Multicultural Community Services Inc ($1.5m), Seesaw ($1.5m) and Association for Rights of Citizens with Developmental Disabilities ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $72k. At year end it held assets of $3.7m against liabilities of $473k, net assets of $3.2m. It reported 2 employees.