Americas Foundation of the Serpentine Galleries

Analysis

Americas Foundation of the Serpentine Galleries is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2015, 11 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 2023, Americas Foundation of the Serpentine Galleries reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 4 years on record, from March 2019 to March 2023, income grew from $678k to $1.8m (+171%), an average of +39% a year. The sharpest change came in the year to March 2022, when income rose by 64%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Americas Foundation of the Serpentine Galleries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Create in Chinatown Inc ($1.8m), McCreary County Heritage Foundation Inc ($1.8m) and Connecticut Childrens Museum ($1.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $46k (2.7% of expenses). At year end it held assets of $220k against liabilities of $2,279, net assets of $218k.