Tel Aviv Museums American Friends Inc

Analysis

Tel Aviv Museums American Friends Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Tel Aviv Museums American Friends Inc reported income of $923k and spending of $5.8m, spending 628% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $923k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income rose by 406%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tel Aviv Museums American Friends Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Middlesex United Way Inc ($923k), Book Industry Charitable Foundation ($924k) and Portland Business Alliance Charitable Institute Inc ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $153k (2.6% of expenses). It paid $60k in professional fundraising fees. At year end it held assets of $10.7m against liabilities of $29k, net assets of $10.7m. It reported 1 employees.