AMERICAN FRIENDS OF THE ART FUND Charity Report

Public IRS 990 nonprofit record

AMERICAN FRIENDS OF THE ART FUND

EIN 06-1797076 · Fund Raising & Fund Distribution - Arts, Culture, and Humanities (A12)

What they do

IN FURTHERANCE of ITS EXEMPT PURPOSES, AMERICAN FRIENDS of THE ART FUND ("AFAF") RECEIVES MONEY and PROPERTY BY GIFT, DEVISE or BEQUEST, INVESTS and REINVESTS THE SAME, and APPLIES THE INCOME and PRINCIPAL THEREOF, AS THE BOARD of DIRECTORS FROM TIME to TIME DETERMINES, WITHIN or WITHOUT THE UNITED STATES of AMERICA, EXCLUSIVELY for CHARITABLE or EDUCATIONAL PURPOSES, THROUGH CONTRIBUTIONS to CHARITABLE ORGANIZATIONS, or DIRECTLY, for SUCH ACTIVITIES IN FURTHERANCE of ITS CHARITABLE PURPOSES AS THE BOARD of DIRECTORS of AFAF DEEMS APPROPRIATE, INCLUDING IN SUPPORT of and to PROMOTE THE CHARITABLE and EDUCATIONAL ACTIVITIES of THE ART FUND (A CHARITABLE ORGANIZATION LOCATED IN LONDON, ENGLAND, OPERATING UNDER THE AWARD of A ROYAL CHARTER and REGISTERED AS A CHARITY IN THE UNITED KINGDOM) and to ENCOURAGE THE APPRECIATION and ENJOYMENT of ART IN GENERAL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

678.27%of revenue went to mission work92.1% of expenses · Program services

$736.19spent for every $100 of revenueSpending was higher than revenue this year.

57.92%of revenue went to management and office costs7.9% of expenses

$0.08in assets for every $1 spent this yearSome assets cannot be spent right away.

98.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $969,263 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$152,355

Mission workProgram services$1,033,373678.27% of revenue92.1% of expenses

ManagementOffice and general costs$88,24557.92% of revenue7.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,121,618736.19% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.1% mission · 7.9% management · 0.0% fundraisingTotal expenses: 736.19% of revenue

2023Expense mix: 17.9% mission · 82.1% management · 0.0% fundraisingTotal expenses: 6.95% of revenue

2022Expense mix: 96.7% mission · 3.3% management · 0.0% fundraisingTotal expenses: 672.50% of revenue

2021Expense mix: 97.7% mission · 2.3% management · 0.0% fundraisingTotal expenses: 55.03% of revenue

2020Expense mix: 57.9% mission · 42.1% management · 0.0% fundraisingTotal expenses: 11.27% of revenue

Money in and money out

Revenue$152,355

Expenses$1,121,618

Annual shortfall $969,263 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,033,373 · 92.1% of expenses

Management and office costs$88,245 · 7.9% of expenses

See all reported dollar amounts

Revenue$152,355

Expenses$1,121,618

Assets$89,551

Income$152,355

Contributions$149,758

Mission work (program services)$1,033,373

Management and general$88,245

Accounting fees$7,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

JENNIFER WALDMANSECRETARY

MARINA A BEZRUKOVAPRESIDENT/TREASURER

SAMUEL SACHS IIDIRECTOR

About this charity

Recognized since: January 2007
Location: 1350 AVE OF THE AMERICAFL2STE266, NEW YORK, NY 10019-0000
County: New York
In care of: % MARINA A BEZRUKOVA
Primary officer: MARINA A BEZRUKOVA, PRESIDENT

How to reach them

Phone(646) 867-0994

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CASSIDY ADVISORS AND ACCOUNTANTS LLC
NTEE classification: Fund Raising & Fund Distribution - Arts, Culture, and Humanities (A12)
IRS tax category: Fund Raising & Fund Distribution