Frederic Remington Art Museum

Analysis

Frederic Remington Art Museum is a registered charity in United States, based in Ogdensburg, NY. It received its IRS tax-exemption ruling in June 1995, 31 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, Frederic Remington Art Museum reported income of $462k and spending of $701k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $608k to $462k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 146% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frederic Remington Art Museum sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include The Iris Music Project ($462k), Juneteenth Festival Inc ($462k) and Phoenix Chamber Music Society ($462k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 9.3% of the total. Other salaries and wages came to $320k. At year end it held assets of $4.6m against liabilities of $85k, net assets of $4.5m. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.