Afp Foundation for Philanthropy

Analysis

Afp Foundation for Philanthropy is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Afp Foundation for Philanthropy reported income of $1.0m and spending of $1.2m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.0m (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Afp Foundation for Philanthropy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include American Institute of Musical Studies ($1.0m), Iliff Community Center Inc ($1.0m) and Amherst Land Trust ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $238k (19% of expenses). Other salaries and wages came to $108k. At year end it held assets of $1.7m against liabilities of $80k, net assets of $1.6m. It reported 3 employees.