Sir John Soanes Museum Foundation

Analysis

Sir John Soanes Museum Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1991, 35 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, Sir John Soanes Museum Foundation reported income of $650k and spending of $677k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $650k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sir John Soanes Museum Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Kansas State Historical Society ($650k), International Society for Molecular Plant-Microbe Interactions Inc ($650k) and Blue River Arts Council Inc ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $130k (19% of expenses). Other salaries and wages came to $16k. At year end it held assets of $1.2m against liabilities of $217k, net assets of $1.0m. It reported 2 employees.