Amant Foundation USA

Analysis

Amant Foundation USA is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2020, 6 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, Amant Foundation USA reported income of $3.1m and spending of $3.3m, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.1m to $3.1m (+45%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amant Foundation USA sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Pewabic Society Inc ($3.1m), Maltz Museum of Jewish Heritage ($3.1m) and Language Conservancy ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $1.3m (40% of expenses). At year end it held assets of $629k against liabilities of $269k, net assets of $360k. It reported 20 employees.