American Friends of Versailles

Analysis

American Friends of Versailles is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1998, 28 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 Versailles reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $1.7m (+1553%), an average of +102% a year. The sharpest change came in the year to December 2020, when income rose by 1184%. Over the whole period it spent 90% 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 Versailles sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Speak Easy Stage Inc ($1.7m), Dennison Railroad Depot Museum Inc ($1.7m) and Oz Arts Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $129k (10% of expenses). At year end it held assets of $942k against liabilities of $525, net assets of $941k. It reported 1 employees.