American Friends of the Israel Museum

Analysis

American Friends of the Israel Museum is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1972, 54 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, American Friends of the Israel Museum reported income of $13.1m and spending of $31.0m, spending 237% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.2m to $13.1m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 162% 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 Israel Museum sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Milwaukee Public Museum Inc ($13.1m), Molina Family Foundation ($13.1m) and Historical Society of Western Pennsylvania ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $298k (1.0% of expenses). Other salaries and wages came to $573k. At year end it held assets of $156.3m against liabilities of $5.4m, net assets of $150.9m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.