American Friends of Masterworks Inc

Analysis

American Friends of Masterworks Inc is a registered charity in United States, based in Irvington, NY. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Friends of Masterworks Inc reported income of $655k and spending of $407k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $528k to $655k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 383%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Friends of Masterworks Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Small World Vision Inc ($655k), Missions International ($655k) and Peacetech Lab ($653k).

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 $276k against liabilities of $5,000, net assets of $271k.