Amaan Charitable Foundation Inc

Analysis

Amaan Charitable Foundation Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Amaan Charitable Foundation Inc reported income of $105k and spending of $143k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $105k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amaan Charitable Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Friends of Marys Hands ($105k), Peer Services of New York Ipa Inc ($105k) and White Creek Wellness Center ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.