Everson Museum of Art of Syracuse and Onondaga County

Analysis

Everson Museum of Art of Syracuse and Onondaga County is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1963, 63 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, Everson Museum of Art of Syracuse and Onondaga County reported income of $2.5m and spending of $3.0m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.5m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 494%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Everson Museum of Art of Syracuse and Onondaga County sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include South Orange Performing Arts Center Inc ($2.5m), Don Harrington Discovery Center Foundation Inc ($2.5m) and Albany Symphony Orchestra Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $210k (6.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $19.2m against liabilities of $639k, net assets of $18.6m. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.