Ahavath Achim Congregation Endowment Fund Inc

Analysis

Ahavath Achim Congregation Endowment Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ahavath Achim Congregation Endowment Fund Inc reported income of $516k and spending of $250k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $516k (+604%), an average of +63% a year. The sharpest change came in the year to December 2020, when income rose by 899%. Over the whole period it spent 18% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ahavath Achim Congregation Endowment Fund Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include The Appeal of the Nobel Peace Laureates Foundation Inc ($516k), Global Credit Union Foundation ($517k) and Blue Ridge Center ($516k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $5.5m against liabilities of $496k, net assets of $5.1m.