International Council of the Museum of Modern Art

Analysis

International Council of the Museum of Modern Art is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2016, 10 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, International Council of the Museum of Modern Art reported income of $2.0m and spending of $2.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.0m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Council of the Museum of Modern Art 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 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include American Institute of Mining Metallurgical and Petroleum Engine ($2.0m), Marin Theatre Company ($2.0m) and Gasparilla Music Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 5.1% of the total. Other salaries and wages came to $372k. At year end it held assets of $9.7m against liabilities of $212k, net assets of $9.5m. It reported 3 employees.