Friends of the Anglican Center in Santiago de Compostela Inc

Analysis

Friends of the Anglican Center in Santiago de Compostela Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friends of the Anglican Center in Santiago de Compostela Inc reported income of $214k and spending of $507k, spending 237% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $916k to $214k (-77%), an average of -52% a year. The sharpest change came in the year to December 2022, when income dropped by 83%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Anglican Center in Santiago de Compostela Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Mission of Hope ($214k), People Helping People Inc ($214k) and Living Encouraged Ministries ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $40k in professional fundraising fees. At year end it held assets of $621k against liabilities of $4,528, net assets of $616k.