American Hungarian Foundation

Analysis

American Hungarian Foundation is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in December 2021, 5 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 June 2023, American Hungarian Foundation reported income of $119k and spending of $356k, spending 299% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income fell from $178k to $119k (-33%), an average of -7.7% a year. The sharpest change came in the year to June 2019, when income rose by 155%. Over the whole period it spent 137% 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 Hungarian Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Farms Prides 4th of July Committee Inc ($119k), Foundry Gallery Ltd ($119k) and Opera Theater of Connecticut Inc ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $84k (23% of expenses). At year end it held assets of $2.1m against liabilities of $398k, net assets of $1.7m. It reported 4 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.