American Foundation for the Courtauld Institute of Art

Analysis

American Foundation for the Courtauld Institute of Art is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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 Foundation for the Courtauld Institute of Art reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $1.5m (+432%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 337%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Foundation for the Courtauld Institute of Art sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include PTA New York Congress ($1.5m), Roy James Rinehart Memorial Foundation ($1.5m) and Monroe Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $998k against liabilities of $58k, net assets of $939k.