American Friends of the Paris Opera & Ballet

Analysis

American Friends of the Paris Opera & Ballet is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1985, 41 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, American Friends of the Paris Opera & Ballet reported income of $1.4m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Friends of the Paris Opera & Ballet sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Iaam Support Organization ($1.4m), Latinos United for a New America ($1.4m) and Coral Gables Cinemateque Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $92k. At year end it held assets of $1.4m against liabilities of $28k, net assets of $1.4m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.