Americans for Financial Reform Education Fund

Analysis

Americans for Financial Reform Education Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Americans for Financial Reform Education Fund reported income of $5.6m and spending of $5.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $5.6m (+207%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Americans for Financial Reform Education Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include Helping the Aging Needy and Disabled Inc ($5.6m), Samuel M and Helene Soref Jewish Co Mmunity Center Inc ($5.6m) and Villa St Francis ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $310k (6.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $7.9m against liabilities of $914k, net assets of $7.0m. It reported 55 employees.