American Numismatic Society

Analysis

American Numismatic Society is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1938, 88 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, American Numismatic Society reported income of $3.2m and spending of $5.2m, spending 162% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.5m to $3.2m (-62%), an average of -22% a year. The sharpest change came in the year to September 2021, when income rose by 118%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Numismatic Society 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 87th percentile within NY. Charities of a similar size with the same main cause include The Taubman Museum of Art ($3.2m), Center for Independent Thought Inc ($3.2m) and Paine Art Center & Gardens Inc ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $251k (4.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $56.0m against liabilities of $8.0m, net assets of $48.0m. It reported 27 employees.