American Friends of the Shanghai Museum Inc

Analysis

American Friends of the Shanghai Museum Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1995, 31 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 Shanghai Museum Inc reported income of $96k and spending of $102k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $171k to $96k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 94% 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 Shanghai Museum Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include International Society of Systems Sciences ($96k), Sully Historical Society ($96k) and Hagerstown Community Concert Association Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.5m against liabilities of $67, net assets of $1.5m.