Erie Canal Museum

Analysis

Erie Canal Museum is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 1964, 62 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, Erie Canal Museum reported income of $639k and spending of $632k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $617k to $639k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Erie Canal Museum sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Juneau Dance Theatre Inc ($639k), Litquake Foundation ($639k) and American Society of Ichthyologists and Herpetologists ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $351k. At year end it held assets of $1.1m against liabilities of $293k, net assets of $841k.