Suffolk County Vanderbilt Museum

Analysis

Suffolk County Vanderbilt Museum is a registered charity in United States, based in Centerport, NY. It received its IRS tax-exemption ruling in March 1963, 63 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 governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Suffolk County Vanderbilt Museum reported income of $4.3m and spending of $4.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.3m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Suffolk County Vanderbilt Museum sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Recess Activities ($4.3m), Elderheart Inc ($4.3m) and New York City Foundation for Computer Science Education ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $138k (3.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $18.5m against liabilities of $509k, net assets of $18.0m. It reported 120 employees.