Afip Inc

Analysis

Afip Inc is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Afip Inc reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Afip Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Sandusky Education Foundation ($1.9m), Childrens Center ($1.9m) and West Bay Christian School Assoc Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $609k. At year end it held assets of $562k against liabilities of $58k, net assets of $504k. It reported 8 employees.