Almsgiving Foundation Inc

Analysis

Almsgiving Foundation Inc is a registered charity in United States, based in Westfield, MA. It received its IRS tax-exemption ruling in February 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Almsgiving Foundation Inc reported income of $87k and spending of $94k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $466k to $87k (-81%), an average of -81% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Almsgiving Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Columbiana Community Foundation Inc ($87k), Brianna Marie Foundation Inc ($87k) and Shine a Ligh7 Foundation ($87k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $477 against liabilities of $0, net assets of $477.