Municipal Art Society of New York

Analysis

Municipal Art Society of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1933, 93 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 September 2023, Municipal Art Society of New York reported income of $3.1m and spending of $4.0m, spending 131% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.4m to $3.1m (-63%), an average of -22% a year. The sharpest change came in the year to September 2020, when income dropped by 72%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Municipal Art Society of New York sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Stafford Air & Space Museum Foundation ($3.1m), American Shakespeare Center ($3.1m) and Asia-Northwest Cultural Education Association ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $448k (11% of expenses). Other salaries and wages came to $1.9m. It paid $34k in professional fundraising fees. At year end it held assets of $8.8m against liabilities of $1.6m, net assets of $7.2m. It reported 29 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.