Salmagundi Club

Analysis

Salmagundi Club is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1961, 65 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salmagundi Club reported income of $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.3m (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salmagundi Club 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 Admiral Theatre Foundation ($2.3m), Aspen Santa Fe Ballet ($2.4m) and Emelin Theatre for the Performing Arts Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 21% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $436k, net assets of $4.7m.