Archaeological Institute of America

Analysis

Archaeological Institute of America is a registered charity in United States, based in Auburndale, MA. It received its IRS tax-exemption ruling in July 1958, 68 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, Archaeological Institute of America reported income of $7.2m and spending of $6.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $7.2m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Archaeological Institute of America sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Minority Television Project Inc ($7.2m), Spokane Symphony Society ($7.2m) and Virginia Foundation for the Humanities and Public Policy ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $549k (8.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $17.5m against liabilities of $4.0m, net assets of $13.5m. It reported 27 employees.