World Monuments Fund Inc

Analysis

World Monuments Fund Inc is a registered charity in United States, based in NYC, NY. It received its IRS tax-exemption ruling in May 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, World Monuments Fund Inc reported income of $20.3m and spending of $15.4m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.3m to $20.3m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Monuments Fund Inc 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 96th percentile within NY. Charities of a similar size with the same main cause include Lowell Observatory ($20.2m), Columbus Museum of Art ($20.3m) and Brothers for Life ($20.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $369k (2.4% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $69.8m against liabilities of $6.7m, net assets of $63.2m. It reported 35 employees.