Amigos Por Vida - Friends for Life Housing and Education Corp

Analysis

Amigos Por Vida - Friends for Life Housing and Education Corp is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Amigos Por Vida - Friends for Life Housing and Education Corp reported income of $8.7m and spending of $7.9m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.7m to $8.7m (+53%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 34%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amigos Por Vida - Friends for Life Housing and Education Corp sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Uw-Stout Foundation and Alumni Association Inc ($8.7m), Howard University Public Charter Middle School for Mathematics & SC ($8.7m) and Athenian Academy Inc ($8.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $283k (3.6% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $34.0m against liabilities of $21.6m, net assets of $12.4m. It reported 94 employees.