American Friends of Venatenu Inc

Analysis

American Friends of Venatenu Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2021, 5 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, American Friends of Venatenu Inc reported income of $480k and spending of $545k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $550k to $480k (-13%), an average of -13% a year. 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, American Friends of Venatenu Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Ipswich Local News Inc ($480k), Washington County Historical Society Foundation Inc ($480k) and Cincinnati Ballet Holdings Inc ($480k).

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 $96k against liabilities of $0, net assets of $96k.