American Friends of the Latvian National Museum Inc

Analysis

American Friends of the Latvian National Museum Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2023, 3 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 the Latvian National Museum Inc reported income of $278k and spending of $47k, leaving 83% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $278k (+450%), an average of +450% a year. The sharpest change came in the year to December 2023, when income rose by 450%. Over the whole period it spent 20% 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 the Latvian National Museum Inc sits at the 67th percentile: it is larger than about 67% 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 National Soc of Colonial Dames of America in the State of MD ($278k), Third Coast International Audio Festival ($279k) and Pack Dance ($278k).

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 $262k against liabilities of $0, net assets of $262k.