International Foundation for Art Research Inc

Analysis

International Foundation for Art Research Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Foundation for Art Research Inc reported income of $1.1m and spending of $1.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $928k to $1.1m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Foundation for Art Research Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Champion for Children Foundation of Highlands County Inc ($1.1m), Northeast Wyoming Community Health Foundation ($1.1m) and Emily Green Shores of the Portsmouth Baptist Assoc Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $225k (22% of expenses). Other salaries and wages came to $203k. It paid $49k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $768k, net assets of $1.2m. It reported 4 employees.