Amalgamated Charitable Foundation Inc

Overview

Mission

ACF is dedicated to supporting and increasing philanthropy by making grants to tax exempt organizations for their charitable, educational, scientific, literary or other 501c3 activities; promoting donor education and engagement, and civic and community events.

What it reported doing in 2024

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; 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. Fiscally sponsored projects: These are engaged in furtherance of the mission through the following ways: social change, democracy, economic equality, and climate & sustainability.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
821517696
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Headquarters
Washington, DC, USA
Phone
2028075907
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

The verdict

STRONG - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 63
  • Accountability: 100
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.6%; rating input score 67
  • Program expense ratio: 98.2%; rating input score 98
  • Fundraising efficiency: $586.03 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 99.2%; rating input score 99; 38th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 32.9%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 89; 89th percentile among comparable filings

Growth

  • Program expense growth: 38.8% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 38.2% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 42.4% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 66.6% of revenue deployed · 98.2% of spending went to programs
  • Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $261.8M in reported program spending
  • Leadership: top reported pay $399K · 12 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.2M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 8 annual filings from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1806 filed money-flow records
  • Related organizations: 1805 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

12 people listed

Highest reported compensation

  • Anna Fink (Chief Executive Officer): $398,743 total reported compensation
  • Erin Gleason (Chief Operating Officer): $290,191 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.