Al Folk Inc

Analysis

Al Folk Inc is a registered charity in United States, based in Verona, NJ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Al Folk Inc reported income of $262k and spending of $261k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $406k to $262k (-36%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Al Folk Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Hope Refuge Inc ($262k), Somos Familia ($262k) and Unforgotten Haven Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,669 against liabilities of $0, net assets of $5,669.