Authors Guild FDN Inc

Analysis

Authors Guild FDN Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1972, 54 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Authors Guild FDN Inc reported income of $4.4m and spending of $1.6m, leaving 65% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $966k to $4.4m (+359%), an average of +46% a year. The sharpest change came in the year to September 2023, when income rose by 175%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Authors Guild FDN Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Lagrange Academy Incorporated ($4.4m), Youthfront Inc ($4.4m) and Torah Center-Midwest Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. At year end it held assets of $7.3m against liabilities of $1.0m, net assets of $6.3m.