Association of Foreign Press Correspondents in the United State

Analysis

Association of Foreign Press Correspondents in the United State is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Association of Foreign Press Correspondents in the United State reported income of $571k and spending of $525k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $97k to $571k (+488%), an average of +80% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Foreign Press Correspondents in the United State sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Kid Central ($571k), Sunset Nursery School ($571k) and UN Monde Nouveau Inc ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $141k (27% of expenses). At year end it held assets of $337k against liabilities of $485, net assets of $337k. It reported 1 employees.