Samuel S Fleisher Art Memorial Inc

Analysis

Samuel S Fleisher Art Memorial Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Samuel S Fleisher Art Memorial Inc reported income of $3.3m and spending of $3.1m, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.5m to $3.3m (+30%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 36%. 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, Samuel S Fleisher Art Memorial Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include VMTS Education Inc ($3.3m), Arts Memphis ($3.3m) and Northern California Center for the Arts ($3.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 55% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $108k (3.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $20.0m against liabilities of $918k, net assets of $19.1m. It reported 136 employees.