American Friends of Statens Museum for Kunst Ltd

Analysis

American Friends of Statens Museum for Kunst Ltd is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Statens Museum for Kunst Ltd reported income of $205k and spending of $175k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $205k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Friends of Statens Museum for Kunst Ltd sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Millwood Impact ($205k), Colonel Crawford Eagles All Sports Boosters Club ($205k) and Unidos Y Adelante ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $209k against liabilities of $7,525, net assets of $201k.