Friends of the Academy of St Martin in the Fields

Analysis

Friends of the Academy of St Martin in the Fields is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in November 1998, 28 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 June 2024, Friends of the Academy of St Martin in the Fields reported income of $588k and spending of $548k, spending 93% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $288k to $588k (+104%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Academy of St Martin in the Fields sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Developing Artists Theater Company Inc ($588k), Wireless History Foundation ($588k) and Community Arts Partnership of Tompkins County Inc ($588k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.