Romanian-American Mission Inc

Analysis

Romanian-American Mission Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in May 1997, 29 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, Romanian-American Mission Inc reported income of $619k and spending of $614k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $861k to $619k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Romanian-American Mission Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include World Associates Ltd ($619k), The Darren Waller Foundation Inc ($619k) and Fundacion Cortes Inc ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Other salaries and wages came to $70k. At year end it held assets of $471k against liabilities of $7,241, net assets of $464k. It reported 2 employees.