Heckscher Museum

Analysis

Heckscher Museum is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in February 1964, 62 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, Heckscher Museum reported income of $1.7m and spending of $2.6m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 22%. 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, Heckscher Museum sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Theatre Lab ($1.7m), Newtown Hall Theatre Inc ($1.7m) and South Carolina Ballet Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $203k (7.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.4m against liabilities of $1.0m, net assets of $8.3m. It reported 24 employees.