Zadock Pratt Museum Inc

Analysis

Zadock Pratt Museum Inc is a registered charity in United States, based in Prattsville, NY. It received its IRS tax-exemption ruling in July 1975, 51 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 December 2023, Zadock Pratt Museum Inc reported income of $343k and spending of $87k, leaving 75% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $240k to $343k (+43%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 607%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zadock Pratt Museum Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Newburyport Art Association Inc ($343k), Piedmont Craftsmen Inc ($343k) and Rochester Construction Training Center ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. At year end it held assets of $717k against liabilities of $32k, net assets of $685k.