The American Friends of the British Museum Inc

Analysis

The American Friends of the British Museum Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, The American Friends of the British Museum Inc reported income of $808k and spending of $625k, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.3m to $808k (-65%), an average of -23% a year. The sharpest change came in the year to September 2021, when income dropped by 79%. Over the whole period it spent 116% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The American Friends of the British Museum Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Marketplace Integration and Development Corporation ($806k), Orphan Resources International ($808k) and Friends of Solidafrica Inc ($806k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $2.5m against liabilities of $21k, net assets of $2.5m.