American Friends Of The National Gallery London Inc
American Friends Of The National Gallery London Inc experiences significant year-to-year financial volatility with zero reported officer compensation.
EIN: 133321549 · Montclair, NJ · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $46.5M |
| Total Expenses | $34.4M |
| Program Spending | 85% |
| Net Assets | $267.3M |
| Transparency Score | 80/100 |
Is American Friends Of The National Gallery London Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Friends Of The National Gallery London Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Friends Of The National Gallery London Inc
American Friends Of The National Gallery London Inc (EIN: 133321549) is a nonprofit organization based in Montclair, NJ, classified under NTEE code B117. The organization reported total revenue of $46.5M and total assets of $323.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Friends Of The National Gallery London Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Friends Of The National Gallery London Inc is a large nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $34.4M |
| Surplus / Deficit | $-26,433,440 |
| Total Assets | $287.4M |
| Total Liabilities | $20.1M |
| Net Assets | $267.3M |
| Operating Margin | -330.0% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 100.1 months |
Financial Health Grade: B
In 2023, American Friends Of The National Gallery London Inc reported a deficit of $26.4M with expenses exceeding revenue, holds 100.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), American Friends Of The National Gallery London Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.6% | +262.1% | +14.3% |
| 2022 | +1126.0% | -24.7% | -17.8% |
| 2021 | -91.2% | +386.1% | +7.1% |
| 2020 | +79.0% | -80.6% | +15.0% |
| 2019 | +18.9% | +14.4% | +15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Friends Of The National Gallery London Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, American Friends Of The National Gallery London Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is a strong positive for financial transparency and efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Friends Of The National Gallery London Inc's IRS 990 filings:
- Highly volatile annual revenue and expense figures, making consistent financial planning and assessment difficult.
- Significant annual deficits in multiple years (e.g., $26.4 million in 2023, $10.3 million in 2021), indicating expenses frequently outpace revenue.
Strengths
The following positive indicators were identified for American Friends Of The National Gallery London Inc:
- Consistent reporting of 0% officer compensation, demonstrating strong executive compensation transparency and efficiency.
- Substantial and growing asset base, reaching $323,447,901, providing long-term financial stability and capacity.
- Strong program focus, as implied by the NTEE code and the nature of supporting a major art institution.
Frequently Asked Questions about American Friends Of The National Gallery London Inc
Is American Friends Of The National Gallery London Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Friends Of The National Gallery London Inc (EIN: 133321549) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does American Friends Of The National Gallery London Inc spend its money?
American Friends Of The National Gallery London Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Friends Of The National Gallery London Inc tax-deductible?
American Friends Of The National Gallery London Inc is registered as a tax-exempt nonprofit (EIN: 133321549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of American Friends Of The National Gallery London Inc's spending goes to programs?
American Friends Of The National Gallery London Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Friends Of The National Gallery London Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), American Friends Of The National Gallery London Inc is above average for NTEE category B117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Friends Of The National Gallery London Inc located?
American Friends Of The National Gallery London Inc is headquartered in Montclair, New Jersey and files with the IRS under EIN 133321549. It is classified under NTEE code B117.
How many years of IRS 990 filings does American Friends Of The National Gallery London Inc have?
American Friends Of The National Gallery London Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $46.5M in total revenue.
Why are the annual revenues and expenses so volatile?
The extreme fluctuations, such as revenue ranging from $2.3 million in 2021 to $28.2 million in 2022, and expenses from $2.3 million in 2016 to $34.4 million in 2023, suggest a reliance on large, infrequent donations or project-specific expenditures rather than a steady operational income stream.
How does the organization manage significant annual deficits, such as the $26.4 million deficit in 2023?
Given the substantial assets of $287.3 million in 2023, the organization likely covers deficits through its accumulated reserves or by drawing on its endowment, indicating a long-term financial strategy that can absorb short-term operational shortfalls.
What is the nature of the liabilities, which fluctuate significantly?
Liabilities have varied widely, from $48,895 in 2022 to $20,070,435 in 2023. This volatility could be due to timing of grant obligations, payables for major projects, or other short-term financial commitments.
Filing History
IRS 990 filing history for American Friends Of The National Gallery London Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), American Friends Of The National Gallery London Inc's revenue has grown by 901.3%, moving from $800K to $8.0M. Total assets increased by 108.8% over the same period, from $137.6M to $287.4M. Total functional expenses rose by 1483.4%, from $2.2M to $34.4M. In its most recent filing year (2023), American Friends Of The National Gallery London Inc reported a deficit of $26.4M, with expenses exceeding revenue. The organization holds $20.1M in liabilities against $287.4M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $267.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.0M | $34.4M | $287.4M | $20.1M | — | — |
| 2022 | $28.2M | $9.5M | $251.3M | $49K | — | — |
| 2021 | $2.3M | $12.6M | $305.9M | $1.0M | — | View 990 |
| 2020 | $26.0M | $2.6M | $285.5M | $1.6M | — | View 990 |
| 2019 | $14.5M | $13.4M | $248.2M | $10.6M | — | View 990 |
| 2018 | $12.2M | $11.7M | $215.0M | $10.0M | — | View 990 |
| 2017 | $6.6M | $9.7M | $231.0M | $5.6M | — | — |
| 2016 | $13.1M | $2.3M | $200.7M | $9.4M | — | View 990 |
| 2015 | $4.6M | $1.7M | $187.7M | $7.1M | — | View 990 |
| 2014 | $4.0M | $27.3M | $187.3M | $11.0M | — | View 990 |
| 2013 | $5.3M | $843K | $191.4M | $37K | — | View 990 |
| 2012 | $5.2M | $1.2M | $160.4M | $37K | — | View 990 |
| 2011 | $4.3M | $2.0M | $139.2M | $91K | — | View 990 |
| 2010 | $800K | $2.2M | $137.6M | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.0M, expenses of $34.4M, and assets of $287.4M (revenue -71.6% year-over-year).
- 2022: Revenue of $28.2M, expenses of $9.5M, and assets of $251.3M (revenue +1126.0% year-over-year).
- 2021: Revenue of $2.3M, expenses of $12.6M, and assets of $305.9M (revenue -91.2% year-over-year).
- 2020: Revenue of $26.0M, expenses of $2.6M, and assets of $285.5M (revenue +79.0% year-over-year).
- 2019: Revenue of $14.5M, expenses of $13.4M, and assets of $248.2M (revenue +18.9% year-over-year).
- 2018: Revenue of $12.2M, expenses of $11.7M, and assets of $215.0M (revenue +86.5% year-over-year).
- 2017: Revenue of $6.6M, expenses of $9.7M, and assets of $231.0M (revenue -49.9% year-over-year).
- 2016: Revenue of $13.1M, expenses of $2.3M, and assets of $200.7M (revenue +186.9% year-over-year).
- 2015: Revenue of $4.6M, expenses of $1.7M, and assets of $187.7M (revenue +15.4% year-over-year).
- 2014: Revenue of $4.0M, expenses of $27.3M, and assets of $187.3M (revenue -25.5% year-over-year).
- 2013: Revenue of $5.3M, expenses of $843K, and assets of $191.4M (revenue +2.8% year-over-year).
- 2012: Revenue of $5.2M, expenses of $1.2M, and assets of $160.4M (revenue +20.0% year-over-year).
- 2011: Revenue of $4.3M, expenses of $2.0M, and assets of $139.2M (revenue +438.0% year-over-year).
- 2010: Revenue of $800K, expenses of $2.2M, and assets of $137.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Friends Of The National Gallery London Inc:
Data Sources and Methodology
This transparency report for American Friends Of The National Gallery London Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.