New York Historical Society

Analysis

New York Historical Society is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1938, 88 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, New York Historical Society reported income of $54.0m and spending of $43.6m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.7m to $54.0m (+26%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York Historical Society sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include American Enterprise Institute for Public Policy Research ($53.8m), Corporation of the Fine Arts Museums ($54.3m) and Marine Biological Laboratory ($53.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $2.9m (6.7% of expenses). Other salaries and wages came to $13.6m. It paid $168k in professional fundraising fees. At year end it held assets of $222.2m against liabilities of $31.0m, net assets of $191.2m. It reported 390 employees.