Friends of the Alexandria Museum of Art

Analysis

Friends of the Alexandria Museum of Art is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in August 2011, 15 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 March 2024, Friends of the Alexandria Museum of Art reported income of $58k and spending of $32k, leaving 44% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $24k to $58k (+145%), an average of +145% a year. The sharpest change came in the year to March 2024, when income rose by 145%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Alexandria Museum of Art sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within LA. Charities of a similar size with the same main cause include Kokomo Community Concerts Inc ($58k), Double Ten Celebration Committee S F Bay Area ($58k) and Friends of Tmaf ($58k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 28% of the total. At year end it held assets of $236k against liabilities of $0, net assets of $236k.