American Friends of the Israel Philharmonic Orchestra Inc

Analysis

American Friends of the Israel Philharmonic Orchestra Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 Philharmonic Orchestra Inc reported income of $3.2m and spending of $4.3m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $3.2m (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 102% 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 Philharmonic Orchestra 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 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Center for Automotive Research ($3.2m), Applied Science and Technology Research Organization of Americs ($3.3m) and Association of Writers & Writing ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $608k (14% of expenses). Other salaries and wages came to $336k. At year end it held assets of $25.0m against liabilities of $436k, net assets of $24.6m. It reported 8 employees.