American Friends of the Art Gallery of Ontario Inc

Analysis

American Friends of the Art Gallery of Ontario Inc is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in December 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).

In the financial year ending December 2023, American Friends of the Art Gallery of Ontario Inc reported income of $107k and spending of $95k, spending 89% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $228k to $107k (-53%), an average of -32% a year. The sharpest change came in the year to December 2022, when income rose by 729%. 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, American Friends of the Art Gallery of Ontario Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile. Charities of a similar size with the same main cause include Arts Administrators of Color DMV Network ($107k), Richmond Tamil Sangam ($107k) and National Band Association Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $425, net assets of $25k.