Yafa American Community Center Inc

Analysis

Yafa American Community Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Yafa American Community Center Inc reported income of $158k and spending of $157k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $158k (+160%), an average of +160% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Yafa American Community Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include E C Hinds Academy Foundation Inc ($158k), Hereford Food Pantry ($158k) and The Professional Peace Officers Star and Shield Foundation ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $3,802. At year end it held assets of $0 against liabilities of $0, net assets of $0.