American Friends of Heriot-Watt University

Analysis

American Friends of Heriot-Watt University is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Heriot-Watt University reported income of $268k and spending of $84k, leaving 68% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $266k to $268k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Friends of Heriot-Watt University sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Germantown Community Scholarship Fund Inc ($268k), Touro Law Center Development Foundation Inc ($268k) and Girard College Alumni Association ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $197k against liabilities of $0, net assets of $197k.