Museums at Mitchel

Analysis

Museums at Mitchel is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in October 2001, 25 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, Museums at Mitchel reported income of $4.6m and spending of $3.9m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.6m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museums at Mitchel sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Americas Public Television Stations ($4.6m), Tales of the Cocktail Foundation Inc ($4.6m) and The Works Ohio Center of History Art & Technology ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $745k (19% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $14.0m against liabilities of $1.5m, net assets of $12.5m. It reported 55 employees.