Museum Association of New York

Analysis

Museum Association of New York is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in January 1993, 33 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, Museum Association of New York reported income of $508k and spending of $554k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $508k (+46%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum Association of New York sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Friends of Banning Park Corporation ($508k), Rock on Wheels Inc ($509k) and Pasadena Dance Theatre ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $100k (18% of expenses). Other salaries and wages came to $107k. At year end it held assets of $308k against liabilities of $363k, net assets of -$55k. It reported 6 employees.