French American Museum Exchange Inc

Analysis

French American Museum Exchange Inc is a registered charity in United States, based in Essex, CT. It received its IRS tax-exemption ruling in April 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, French American Museum Exchange Inc reported income of $474k and spending of $566k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $474k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, French American Museum Exchange Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Railroad Museum of South Florida Incorporated ($474k), Art Jewelry Forum ($475k) and Old Town Music Hall Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $157k (28% of expenses). At year end it held assets of $2.1m against liabilities of $326k, net assets of $1.8m. It reported 1 employees.