Statue of Liberty Ellis Island Foundation Inc

Analysis

Statue of Liberty Ellis Island Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1982, 44 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 March 2024, Statue of Liberty Ellis Island Foundation Inc reported income of $33.5m and spending of $17.9m, leaving 47% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $33.5m to $33.5m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to March 2022, when income rose by 121%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Statue of Liberty Ellis Island Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Wang Theatre Inc ($33.5m), Health Education Learning Project H E L P ($33.6m) and Hope Media Group ($33.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 55% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $1.4m (7.6% of expenses). Other salaries and wages came to $1.4m. It paid $258k in professional fundraising fees. At year end it held assets of $100.6m against liabilities of $3.8m, net assets of $96.8m. It reported 42 employees.