Horological Society of New York Inc

Analysis

Horological Society of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover science and technology, 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 March 2023, Horological Society of New York Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $653k to $1.2m (+87%), an average of +23% a year. The sharpest change came in the year to March 2021, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Horological Society of New York Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Comitas Institute for Anthropological Study Inc ($1.2m), Pan African Film Festival ($1.2m) and Center for Educational Media ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $121k (11% of expenses). Other salaries and wages came to $201k. At year end it held assets of $2.2m against liabilities of $20k, net assets of $2.2m. It reported 4 employees.