Yemeni American Merchants Associations Inc

Analysis

Yemeni American Merchants Associations Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2022, Yemeni American Merchants Associations Inc reported income of $1.4m and spending of $904k, leaving 34% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income grew from $604k to $1.4m (+126%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 177%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yemeni American Merchants Associations Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Empowerk12 Inc ($1.4m), The Institute for Family Studies ($1.4m) and Howland Public Library ($1.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (6.4% of expenses). Other salaries and wages came to $416k. At year end it held assets of $1.4m against liabilities of $682k, net assets of $669k. It reported 10 employees.