The Amitabha Foundation Inc

Analysis

The Amitabha Foundation Inc is a registered charity in United States, based in Aptos, CA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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, The Amitabha Foundation Inc reported income of $109k and spending of $98k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $109k (-47%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 415%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Amitabha Foundation Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Adult Literacy Advocates of Greater Baton Rouge Inc ($109k), Bent Tree Foundation ($109k) and Umkc Alumni Association ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $678k against liabilities of $1,375, net assets of $677k.