Medici Archive Project Inc

Analysis

Medici Archive Project Inc is a registered charity in United States, based in Babylon, NY. It received its IRS tax-exemption ruling in November 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 August 2023, Medici Archive Project Inc reported income of $699k and spending of $688k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $665k to $699k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to August 2021, when income rose by 37%. 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, Medici Archive Project Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Park City Film Council ($699k), American Association for Applied Linguistics ($699k) and Daedalian Foundation ($699k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. At year end it held assets of $628k against liabilities of $117k, net assets of $511k.