Margaret Woodbury Strong Museum

Analysis

Margaret Woodbury Strong Museum is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 1968, 58 years ago. 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, Margaret Woodbury Strong Museum reported income of $41.5m and spending of $23.1m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.1m to $41.5m (+129%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Margaret Woodbury Strong Museum 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 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Rush Health Systems Inc ($41.4m), Glenridge on Palmer Ranch Inc ($41.5m) and Genesis Health Development Inc ($41.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $621k (2.7% of expenses). Other salaries and wages came to $7.4m. It paid $110k in professional fundraising fees. At year end it held assets of $251.3m against liabilities of $69.7m, net assets of $181.6m. It reported 380 employees.