America-Israel Cultural Foundation Inc

Analysis

America-Israel Cultural Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1951, 75 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, America-Israel Cultural Foundation Inc reported income of $3.4m and spending of $2.8m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.4m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, America-Israel Cultural Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Florida Falun Dafa Association Inc ($3.4m), Harmony Labs Inc ($3.4m) and Paramount Theater of Charlottesville Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $278k (9.9% of expenses). Other salaries and wages came to $173k. At year end it held assets of $5.2m against liabilities of $93k, net assets of $5.1m. It reported 4 employees.