Ukrainian Museum

Analysis

Ukrainian Museum is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1978, 48 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, Ukrainian Museum reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ukrainian Museum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Ann Arbor Summer Festival Inc ($2.0m), Tada Theatre and Dance Alliance Inc ($2.0m) and International Valuation Standards Committee ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $151k (8.4% of expenses). Other salaries and wages came to $349k. At year end it held assets of $16.6m against liabilities of $28k, net assets of $16.5m. It reported 20 employees.