American Foundation for the National Museums Scotland

Analysis

American Foundation for the National Museums Scotland is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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 Foundation for the National Museums Scotland reported income of $268k and spending of $235k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $268k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Foundation for the National Museums Scotland sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Cuttyhunk Yacht Club Inc ($268k), Sarah Hull Hallock Free Library ($268k) and Andover Committee for a Better Chance Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $227k against liabilities of $15k, net assets of $212k.