Amalgamated Charitable Foundation INC FY2020 filing

Tax-deductible

Washington, DC501(c)(3)Since 2017Foundations & GrantmakersEIN 82-1517696Revenue $87.2M in FY2020

On file with the IRS1763 Columbia Rd Nw Ste 14816, 20009-2834 · Washington, DCTax-exempt since Sep 2017Publicly supported charity — 170(b)(1)(A)(vi)

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ACF is dedicated to supporting philanthropy for social change.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $68.1M a year · 29% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.5M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$47K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$87.2M
Spent
$64.4M
To programs
100%
Net assets
$42.2M
By yearFY2020–FY2024
Revenue
$87.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$87.2M
FY2021$193.7M
FY2022$219.9M
FY2023$273.8M
FY2024$396.9M
Expenses
$64.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$64.4M
FY2021$111.6M
FY2022$182.2M
FY2023$206.3M
FY2024$266.5M
Net assets
$42.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$42.2M
FY2021$124.4M
FY2022$159.8M
FY2023$229.2M
FY2024$360.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $64.2M Management & general 0% · $184K Fundraising 0% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Anna Fink’s $399K as Chief Executive Officer is at the 35th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Amalgamated Charitable Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants and donor-advised funds to US nonprofits advancing social change, civil rights, youth support, education, health, and environmental preservation.

Provided by the organization

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1 program · $64.2M · in their own filed words · FY2020
01

Grantmaking to Public Charities

Grants made to irs recognized public charities across the united states. Donor advised funds and acf's unrestricted funds are the principal sources of grantmaking activity. Grants are made to organizations qualifying under 501(c)(3) and focus on one or more of the following recognized exempt purposes: assistance for those in need…

$64.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Zephyr ImpactFY2025$1.0M
Total grants receivedfrom 2 funders$1.5M
Grants paid · 6,564 grants · $736.1M · 2020–2024
Decolonizing Wealth Project INCFY2024$4,029,318
Tides FoundationCA · FY2024$3,656,097
Kindle ProjectNM · FY2024$3,137,000
Thousand CurrentsCA · FY2024$2,759,000
Common Counsel FoundationCA · FY2024$2,722,000
Proteus Fund INCMA · FY2024$2,560,500
New Venture FundDC · FY2024$2,137,500
Taproot EarthLA · FY2024$2,125,000
Borealis PhilanthropyMN · FY2024$2,125,000
Transgender Law CenterCA · FY2024$2,052,750
MreliefIL · FY2024$2,000,000
Windward FundDC · FY2024$1,910,000
Jobs with Justice Education FundDC · FY2024$1,640,000
State Democracy ProjectNY · FY2024$1,586,500
Tides CenterCA · FY2024$1,582,000
See all 6,564 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$87.2M
Ln 12
Gifts and grantsLn 1h$87.2M
Investment incomeLn 3$113K
Money outPt IX
$64.4M
Ln 25
Programscol B$64.2M
Managementcol C$184K
Fundraisingcol D$24K
Owns and owesPt X
$42.2M
net assets · Ln 32
Cash and savingsLn 1–2$25.6M
Total assetsLn 16$42.2M
LiabilitiesLn 26$47K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87.2M
Noncash giftsLn 1g$2.1M
Investment incomeLn 3$113K
Gains on assetsLn 7−$194K
Total revenueLn 12$87.2M
Assets in detailPt X, end of year
CashLn 1$18.4M
SavingsLn 2$7.1M
Cash and savings togetherLn 1–2$25.6M
InvestmentsLn 11–13$6.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$42.2M
LiabilitiesLn 26$47K
Net assetsLn 32$42.2M
OperationsPt I, VI
EmployeesI 576
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$9.7M$25.6M
InvestmentsLn 11–13$4.2M$6.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$15.6M$42.2M
LiabilitiesLn 26$16K$47K
Net assetsLn 32$15.5M$42.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$59.3M$59.3M
Pay of current officers, directors and key staffLn 5$0$0$0$0
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$79K$79K
Investment management feesLn 11f$19K$19K
Other fees for servicesLn 11g$4.9M$4.9M$5K$24K
Information technologyLn 14$48K$48K
TravelLn 17$15K$15K
Other expenses (24a–d)Ln 24$17K$60$17K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$64.4M$64.2M$184K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $396.9M$266.5M$130.4M$360.0M 990 PDF
FY2023 $273.8M$206.3M$67.5M$229.2M 990 PDF
FY2022 $219.9M$182.2M$37.7M$159.8M 990 PDF
FY2021 $193.7M$111.6M$82.1M$124.4M 990 PDF
FY2020 Viewing $87.2M$64.4M$22.7M$42.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $87,151,972 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,740,866$87,232,571
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $153,958−$80,599
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $22,894,824$87,151,972
I-13 Grants and similar amounts paidPrior year $9,175,978$59,276,661
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,045,328$5,141,441
I-18 Total expensesPrior year $10,221,306$64,418,102
I-19 Revenue less expensesPrior year $12,673,518$22,733,870
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $87,151,972 across 7 lines filed
VIII-1d Related organizations$1,114,170
VIII-1f All other contributions, gifts and grants$86,118,401
VIII-1g Noncash contributions (included above)$2,135,858
VIII-1h Total contributions, gifts and grants$87,232,571
VIII-3 Investment incomeExcluded from tax $113,271$113,271
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$193,870−$193,870
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$80,599$87,151,972
Part IX · Statement of functional expenses $64,418,102 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $59,276,661$59,276,661
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesManagement $15,003$15,003
IX-11c Accounting feesManagement $78,977$78,977
IX-11f Investment management feesManagement $18,928$18,928
IX-11g Other fees for servicesPrograms $4,918,618 · Management $4,950 · Fundraising $24,128$4,947,696
IX-14 Information technologyManagement $48,432$48,432
IX-17 TravelPrograms $14,993$14,993
IX-24 Other expenses (24a–d)Programs $60 · Management $17,352$17,412
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $64,210,332 · Management $183,642 · Fundraising $24,128$64,418,102
Part X · Balance sheet $42,214,172 assets, 14 lines filed
Asset lines not itemized here account for $100,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $5,911,320$18,448,502
X-2 Savings and temporary cash investmentsStart of year $3,784,806$7,147,273
X-4 Accounts receivableStart of year $1,525,000$10,222,679
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $4,240,451$6,295,718
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $15,561,577$42,214,172
X-17 Accounts payable and accrued expensesStart of year $16,165$47,175
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $16,165$47,175
X-27 Net assets without donor restrictionsStart of year $8,842,803$15,201,826
X-28 Net assets with donor restrictionsStart of year $6,702,609$26,965,171
X-32 Total net assets or fund balancesStart of year $15,545,412$42,166,997
X-33 Total liabilities and net assetsStart of year $15,561,577$42,214,172
Part XI · Reconciliation of net assets $42,166,997 net assets at year end
XI-1 Total revenue$87,151,972
XI-2 Total expenses$64,418,102
XI-3 Revenue less expenses$22,733,870
XI-4 Net assets at start of year$15,545,412
XI-5 Net unrealized gains (losses) on investments$887,715
XI-8 Prior period adjustments$3,000,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$42,166,997

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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