American Friends of Toiras Inc

Analysis

American Friends of Toiras Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in July 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, American Friends of Toiras Inc reported income of $782k and spending of $61k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $782k (+499%), an average of +499% a year. The sharpest change came in the year to December 2023, when income rose by 499%. Over the whole period it spent 7.5% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Friends of Toiras Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Transitions for Youth ($782k), Bright Life Farms Inc ($782k) and Oasis of Hollywood ($782k).

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 $844k against liabilities of $0, net assets of $844k.