Friends of the Musees Des Arts Decoratifs

Analysis

Friends of the Musees Des Arts Decoratifs is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1999, 27 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 June 2023, Friends of the Musees Des Arts Decoratifs reported income of $2.3m and spending of $1.5m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.3m (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Musees Des Arts Decoratifs sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Lubbock Symphony Orchestra ($2.3m), Pai Foundation ($2.3m) and Sierra Repertory Theatre Incor Porated ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (3.8% of expenses). At year end it held assets of $2.6m against liabilities of $29k, net assets of $2.6m.