THE AMERICAN FRIENDS OF THE NATIONAL GALLERY LONDON INC

EIN: 133321549 501(c)(3) Education

NEW YORK, NY

Total Revenue
$8,010,799
Total Expenses
$34,444,239
Total Assets
$287,376,888
Net Assets
$267,306,453
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
DE
Principal Officer
HANNAH ROTHSCHILD
Phone
2128124362
Tax Period
2023-01-01 to 2023-12-31

THE AMERICAN FRIENDS OF THE NATIONAL GALLERY LONDON INC, founded in 1985, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $34.4M exceeded revenue, resulting in a 330% operating deficit.

Mission

THE AMERICAN FRIENDS OF THE NATIONAL GALLERY, LONDON, INC. WAS ESTABLISHED IN 1985 TO SUPPORT THE NATIONAL GALLERY, LONDON, IN ITS EFFORTS TO CARE FOR, ENHANCE AND STUDY ITS COLLECTION OF GREAT EUROPEAN PAINTINGS AND ENCOURAGE ACCESS TO THE COLLECTION FOR THE EDUCATION AND ENJOYMENT OF THE WIDEST POSSIBLE PUBLIC NOW AND IN THE FUTURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,116,420
Program Service Revenue $0
Investment Income $2,894,379
Other Revenue $0
TOTAL REVENUE $8,010,799

Expense Breakdown

Grants Paid $34,084,644
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,444,239
Other Expenses $359,595
TOTAL EXPENSES $34,444,239

Year-over-Year Comparison

2023 2022 Change
Revenue $8,010,799 $28,200,519 -0.7%
Expenses $34,444,239 $9,512,633 +2.6%
Net Income $-26,433,440 $18,687,886 -2.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANNAH ROTHSCHILD CHAIR AND PRESIDENT 1.0
Officer Director
$0 $0 $0
WILLIAM B BEEKMAN DIRECTOR AND TREASURER 1.0
Officer Director
$0 $0 $0
JULIA BRODY DIRECTOR 1.0
Director
$0 $0 $0
JASON MACDONALD DIRECTOR 1.0
Director
$0 $0 $0
DAVID O'CONNOR DIRECTOR 1.0
Director
$0 $0 $0
KENNETH S DAVIDSON DIRECTOR 1.0
Director
$0 $0 $0
MARK GETTY DIRECTOR 1.0
Director
$0 $0 $0
ROSEMARY LEITH DIRECTOR 1.0
Director
$0 $0 $0
PAUL S LEVY DIRECTOR 1.0
Director
$0 $0 $0
LAUREN A MESERVE DIRECTOR AND SECRETARY 1.0
Officer Director
$0 $0 $0
ANGELICA Z RUDENSTINE DIRECTOR 1.0
Director
$0 $0 $0
MATTHEW FOWLER ASSISTANT SECRETARY 1.0
Officer
$0 $0 $0
ANDY HIBBERT ASSISTANT TREASURER 1.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $8,010,799 $34,444,239 $287,376,888 $-26,433,440
2022 $28,200,519 $9,512,633 $251,330,946 $18,687,886
2021 $2,300,126 $12,640,196 $305,852,204 $-10,340,070
2020 $26,043,502 $2,600,217 $285,490,745 $23,443,285
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