Munson-Williams-Proctor Arts Institute

Analysis

Munson-Williams-Proctor Arts Institute is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in July 1942, 84 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Munson-Williams-Proctor Arts Institute reported income of $17.9m and spending of $18.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.0m to $17.9m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Munson-Williams-Proctor Arts Institute sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include River of Life Foundation ($17.8m), Brandywine Conservancy & Museum of Art ($17.9m) and International Seakeepers Society Inc ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $378k (2.0% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $145.5m against liabilities of $13.8m, net assets of $131.7m. It reported 307 employees.