Amasol Foundation Ong Inc

Analysis

Amasol Foundation Ong Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2023, 3 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, Amasol Foundation Ong Inc reported income of $55k and spending of $12k, leaving 78% of income unspent that year. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amasol Foundation Ong Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Sammy Stieglitz Foundation ($55k), Delta-Montrose Electric Association Charitable Trust ($55k) and Children S Mercy Ministry Inc ($55k).

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