Museum of the City of New York

Analysis

Museum of the City of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1942, 84 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, Museum of the City of New York reported income of $17.4m and spending of $16.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.2m to $17.4m (+31%), an average of +7.1% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of the City of New York sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Henry Francis du Pont Winterthur Museum Inc ($17.4m), The Atlanta Opera Inc ($17.4m) and Georgia Okeeffe Museum ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $1.4m (8.5% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $68.4m against liabilities of $2.7m, net assets of $65.7m. It reported 174 employees.