Amga Foundation Inc

Analysis

Amga Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amga Foundation Inc reported income of $4.0m and spending of $4.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $4.0m (+134%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Amga Foundation Inc 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 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include St Lukes Institute for Health Science ($4.0m), Annabella R Jenkins Foundation ($4.0m) and Stillwater Medical Foundation Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $248k (6.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.5m against liabilities of $543k, net assets of $2.9m. It reported 14 employees.