Economic Club of New York

Analysis

Economic Club of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1938, 88 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Economic Club of New York reported income of $4.8m and spending of $3.7m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Economic Club of New York 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 Experience Childrens Museum ($4.8m), Contemporary Arts Center ($4.8m) and Spruill Center for the Arts Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $798k (22% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $10.9m against liabilities of $369k, net assets of $10.6m. It reported 10 employees.