The Friends of the Israel Antiquities Authority Inc

Analysis

The Friends of the Israel Antiquities Authority Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1992, 34 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, The Friends of the Israel Antiquities Authority Inc reported income of $8.9m and spending of $4.3m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $507k to $8.9m (+1655%), an average of +105% a year. The sharpest change came in the year to December 2020, when income rose by 1130%. 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, The Friends of the Israel Antiquities Authority Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Usdan Center for the Creative and Performing Arts ($8.9m), Pabst Theater Foundation Inc ($8.9m) and Penland School of Craft ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (1.7% of expenses). At year end it held assets of $7.8m against liabilities of $19k, net assets of $7.8m. It reported 1 employees.