The Long Island Museum of American Art History & Carriages

Analysis

The Long Island Museum of American Art History & Carriages is a registered charity in United States, based in Stony Brook, NY. It received its IRS tax-exemption ruling in April 1945, 81 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 2023, The Long Island Museum of American Art History & Carriages reported income of $2.4m and spending of $3.2m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.4m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Long Island Museum of American Art History & Carriages sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Georgia Trust for Historic Preservation Inc ($2.4m), Santa Barbara Maritime Museum ($2.4m) and The Center for Systems Awareness Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $422k (13% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $21.4m against liabilities of $428k, net assets of $21.0m. It reported 43 employees.