Water Mill Museum

Analysis

Water Mill Museum is a registered charity in United States, based in Water Mill, NY. It received its IRS tax-exemption ruling in December 2000, 26 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 December 2023, Water Mill Museum reported income of $117k and spending of $146k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $132k to $117k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Water Mill Museum sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Kenosha Community Media ($117k), Upper Arlington Band Boosters Inc ($117k) and Nebraska City Museum Association ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $38k (26% of expenses). At year end it held assets of $527k against liabilities of $0, net assets of $527k. It reported 1 employees.