Hamilton-Madison House Inc

Analysis

Hamilton-Madison House Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1935, 91 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, Hamilton-Madison House Inc reported income of $19.1m and spending of $17.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.2m to $19.1m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hamilton-Madison House Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Cincinnati Arts Association ($19.1m), Nevada Museum of Art Inc ($19.1m) and Botanical Research Institute of Texas Inc ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $167k (0.9% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $13.0m against liabilities of $10.3m, net assets of $2.7m. It reported 220 employees.