The Friends of Muscoot Inc

Analysis

The Friends of Muscoot Inc is a registered charity in United States, based in Katonah, NY. It received its IRS tax-exemption ruling in January 1981, 45 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 December 2023, The Friends of Muscoot Inc reported income of $60k and spending of $28k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $60k (-7.7%), an average of -7.7% a year. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Friends of Muscoot Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Dance Theatre of Tampa Inc ($60k), Dearworld Org Inc ($60k) and Millbrae Cultural Committee ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.