American Friends of the Natl Museum of Bermuda Inc

Analysis

American Friends of the Natl Museum of Bermuda Inc is a registered charity in United States, based in Bermuda. It received its IRS tax-exemption ruling in April 1982, 44 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 Friends of the Natl Museum of Bermuda Inc reported income of $483k and spending of $491k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $406k to $483k (+19%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Friends of the Natl Museum of Bermuda Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile. Charities of a similar size with the same main cause include Pearl City Foundation ($483k), Madison County Hospital Foundation Inc ($484k) and McCrone Research Institute Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $133k against liabilities of $4,000, net assets of $129k.