Aamc Foundation

Analysis

Aamc Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2004, 22 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 December 2023, Aamc Foundation reported income of $628k and spending of $836k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $628k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aamc Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include International Arts Relations Inc ($627k), Bellevue Literary Press Inc ($628k) and Japanese Cultural Center of Hawaii ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $130k (16% of expenses). Other salaries and wages came to $125k. At year end it held assets of $625k against liabilities of $548k, net assets of $76k. It reported 5 employees.