Garibaldi Meucci Museum

Analysis

Garibaldi Meucci Museum is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in May 2004, 22 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 March 2024, Garibaldi Meucci Museum reported income of $192k and spending of $210k, spending 109% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $139k to $192k (+38%), an average of +8.4% a year. The sharpest change came in the year to March 2022, when income rose by 48%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garibaldi Meucci Museum sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Optical Heritage Museum ($192k), North Lake Tahoe Historical Society ($192k) and Old St Josephs Historic Preservation Corporation ($192k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 66% and program service revenue 18% of the total. Other salaries and wages came to $89k. At year end it held assets of $189k against liabilities of $7,390, net assets of $182k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.