Afikim Foundation

Analysis

Afikim Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Afikim Foundation reported income of $1.9m and spending of $1.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Afikim Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Circle Six Ranch Baptist Camp Inc ($1.9m), The Center of Hope of South County Inc ($1.9m) and Countryside Cares Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $135k (7.7% of expenses). Other salaries and wages came to $435k. At year end it held assets of $718k against liabilities of $813k, net assets of -$95k. It reported 7 employees.