Overview
What is Amalgamated Charitable Foundation Inc?
Amalgamated Charitable Foundation Inc is a Washington, D.C.-based nonprofit organization committed to philanthropy for social change. They grant funds to IRS-recognized public charities across the United States, primarily utilizing donor-advised funds and foundation unresticted funds for their grantmaking activities. Their grants support organizations with tax-exempt status under 501(C)(3), focusing on areas such as assistance for those in need, support for youth and families, civil and human rights, education, health and scientific research, arts, culture and humanities, civic and community affairs, and environmental preservation. The foundation is dedicated to increasing philanthropy by funding charitable, educational, scientific, literary, or other 501C3 activities, while also promoting donor education, engagement, and community events. Amalgamated Charitable Foundation Inc employs a team of 23 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90%
Amalgamated Charitable Foundation Inc has earned a Four-Star out of Four Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity's overall score is based entirely on its exemplary fiscal management, showcasing a commitment to transparency and responsible financial practices.
The organization boasts an impressive program expense ratio of 99.50%, reflecting a high percentage of funds directed toward its charitable missions. Additionally, its financial health is underscored by a low liabilities to assets ratio of 0.59%, indicating solid financial stability. The foundation also maintains a fully independent board and has established robust governance policies, which further enhance its credibility.
However, while the charity's fundraising efficiency ratio is noted at $0.002, this aspect might raise questions about its fundraising strategies. Despite this limitation, the organization’s commitment to accountability, thorough oversight, and minimal conflict of interest positions it as a trustworthy option for donors looking to support impactful charitable work.
This AI summary has been generated from information found on Charity Navigator.
Is Amalgamated Charitable Foundation Inc legitimate?
Amalgamated Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amalgamated Charitable Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,853,679
For more financial information, click here
What is the mission statement of Amalgamated Charitable Foundation Inc?
The Amalgamated Charitable Foundation Inc is committed to fostering philanthropy for social change. It achieves this goal by granting funds to tax-exempt organizations for their charitable, educational, scientific, literary, or other 501C3 activities. The organization places emphasis on donor education and engagement, as well as hosting civic community events. The Foundation's grantmaking activities primarily come from donor-advised funds and its own unresticted funds. Grants are distributed to organizations recognized by the IRS as 501(C)(3) entities, with a focus on various recognized exempt purposes, such as assistance for those in need, support for youth and families, civil and human rights, education, health and scientific research, arts, culture and the humanities, civic and community affairs, and environmental preservation.
Who is the CEO of Amalgamated Charitable Foundation Inc?
Anna Fink is the President of Amalgamated Charitable Foundation Inc.
What is the revenue of Amalgamated Charitable Foundation Inc?
Amalgamated Charitable Foundation Inc's revenue in 2022 was $219,934,501.
Who are the executives of Amalgamated Charitable Foundation Inc and what are their salaries?
The average compensation at Amalgamated Charitable Foundation Inc during 2022 was $124,073. There are 23 employees and 8 volunteers at Amalgamated Charitable Foundation Inc.
Here are 11 key members and their salaries:
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- Related: $292,500
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- Related: $225,443
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Where can I find the form 990 for Amalgamated Charitable Foundation Inc?
Amalgamated Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Amalgamated Charitable Foundation Inc
Amalgamated Charitable Foundation Inc, a leading philanthropic organization, is dedicated to strengthening charitable giving and enhancing the impact of tax-exempt organizations. With a mission rooted in supporting and increasing philanthropy, the Foundation makes grants to a diverse range of public charities across the United States.
The Foundation's grantmaking activities primarily stem from donor advised funds and its unrestricted funds. These grants are extended to organizations classified under section 501(c)(3) of the Internal Revenue Code, focusing on various recognized charitable purposes. Among these, the Foundation prioritizes grants to assist those in need, support youth and families, advance civil and human rights, promote education, fund health and scientific research, nurture arts, culture, and the humanities, bolster civic and community affairs, and foster environmental preservation.
By providing financial support to these charitable initiatives, Amalgamated Charitable Foundation Inc plays a pivotal role in amplifying the collective power of philanthropy and driving meaningful change in communities across the country. Additionally, the organization actively encourages donor education and engagement, and engages in civic community events to further promote the spirit of giving and collaboration.
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Impact
October, 2024
Amalgamated Charitable Foundation Inc significantly influences social change through targeted grantmaking to public charities across the United States. By providing financial support to IRS-recognized public charities, the foundation empowers organizations focused on various critical areas, including assistance for those in need, youth and family support, civil and human rights, education, health and scientific research, as well as the arts, culture, and community initiatives.
The foundation utilizes donor-advised funds and unrestricted funds as primary channels for its grantmaking activities. This strategic approach not only amplifies the reach of philanthropic efforts but also fosters a culture of donor education and engagement. By promoting civic involvement and community affairs, the foundation enhances the capacity of nonprofit organizations to address pressing social issues and create lasting impact. Overall, Amalgamated Charitable Foundation Inc plays a pivotal role in advancing philanthropy, driving positive change, and supporting the vital work of diverse organizations dedicated to bettering society.
This information is meant to be a general summary of Amalgamated Charitable Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $540,533
- Gross Receipts: $225,224,122
Assets and Liabilities:
- Total Assets: $160,739,477
- Total Liabilities: $962,671
- Net Assets: $159,776,806
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Organization Details
Founding Year
2017
Phone
(202) 721-8272Principal Officer
Anna Fink
Main Address
1825 K STREET NW, WASHINGTON, DC, 20006
NTEE Category
Code: T30 - Philanthropy
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