American Friends of Olim Bemaalot Inc

Analysis

American Friends of Olim Bemaalot Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, American Friends of Olim Bemaalot Inc reported income of $56k and spending of $44k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $56k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Friends of Olim Bemaalot Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Road Runners Club of America ($56k), L4 Cares ($56k) and Kind Like Joey Foundation ($56k).

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 $18k against liabilities of $0, net assets of $18k.