International Center of Medieval Art Inc

Analysis

International Center of Medieval Art Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1960, 66 years ago. 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 December 2023, International Center of Medieval Art Inc reported income of $231k and spending of $199k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $231k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Center of Medieval Art Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include World S Attic Inc NP ($231k), The Path Foundation ($231k) and Whatcom Literacy Council ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $77k (39% of expenses). Other salaries and wages came to $2,721. At year end it held assets of $2.6m against liabilities of $37k, net assets of $2.6m. It reported 1 employees.