American Friends of the National Gallery London Inc

Analysis

American Friends of the National Gallery London Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 London Inc reported income of $8.0m and spending of $34.4m, spending 430% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $12.2m to $8.0m (-35%), an average of -8.1% a year. The sharpest change came in the year to December 2022, when income rose by 1126%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Friends of the National Gallery London Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Fisher Island Day School Inc ($8.0m), Great Public Schools Now ($8.0m) and Woodbury Leadership Academy ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $287.4m against liabilities of $20.1m, net assets of $267.3m.