American Friends of British Art Inc

Analysis

American Friends of British Art Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in July 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 May 2024, American Friends of British Art Inc reported income of $73k and spending of $62k, spending 85% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $76k to $73k (-3.7%), an average of -3.7% a year. Over the whole period it spent 89% 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 British Art Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Collage Dance Holding Company ($73k), Lemon Sponge Cake Contemporary Ballet ($73k) and Pinckney Players Inc ($73k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.