Friends of the Uffizi Gallery Inc

Analysis

Friends of the Uffizi Gallery Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in September 2006, 20 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, Friends of the Uffizi Gallery Inc reported income of $338k and spending of $135k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $576k to $338k (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Uffizi Gallery Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Rallysound Inc ($338k), Classic Theatre of San Antonio ($338k) and Visions Museum of Textile Art ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 113% and program service revenue 3.5% of the total. At year end it held assets of $635k against liabilities of $1,081, net assets of $634k.