George Eastman Museum

Analysis

George Eastman Museum is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 1949, 77 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 2022, George Eastman Museum reported income of $12.6m and spending of $9.0m, leaving 29% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $10.1m to $12.6m (+25%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, George Eastman Museum sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include National Links Trust ($12.5m), Worcester Center for Performing Arts Inc ($12.6m) and Sanford Laboratories for Innovative Medicines ($12.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $498k (5.5% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $56.0m against liabilities of $4.6m, net assets of $51.3m. It reported 140 employees.