Friends of Alice Austen House Inc

Analysis

Friends of Alice Austen House Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Alice Austen House Inc reported income of $456k and spending of $632k, spending 138% of what it took in. Across the 4 years on record, from December 2019 to June 2023, income fell from $606k to $456k (-25%), an average of -9.0% a year. The sharpest change came in the year to June 2022, when income rose by 245%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Alice Austen House Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Museum at Warm Springs ($456k), Yuba County Sutter County Regional Arts Council ($456k) and Quiet Valley Living Historical Farm ($456k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $93k (15% of expenses). Other salaries and wages came to $273k. At year end it held assets of $451k against liabilities of $20k, net assets of $432k. It reported 15 employees.