The Friends of the New York State Military Museum

Analysis

The Friends of the New York State Military Museum is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in April 1992, 34 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, The Friends of the New York State Military Museum reported income of $71k and spending of $47k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $71k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Friends of the New York State Military Museum sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include General Pulaski Memorial Parade Committee Inc ($71k), Cultural Empowerment Organization ($71k) and Friends of the Joaquin Moraga Adobe ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $131k against liabilities of $2,666, net assets of $128k.