American Friends of the National Gallery of Australia Inc

Analysis

American Friends of the National Gallery of Australia Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, American Friends of the National Gallery of Australia Inc reported income of $503k and spending of $401k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $376k to $503k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Friends of the National Gallery of Australia Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Chalice of Mercy Inc ($503k), Operation Fistula ($503k) and Cordell Hull Foundation for International Education ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $6,500, net assets of $1.3m.