Morristown Gateway Museum

Analysis

Morristown Gateway Museum is a registered charity in United States, based in Morristown, NY. It received its IRS tax-exemption ruling in December 1994, 32 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, Morristown Gateway Museum reported income of $75k and spending of $55k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $75k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morristown Gateway Museum sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Sanctuary for Sustainable Artistry ($75k), Tri-State Museum Foundation ($75k) and Utr Media ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $648k against liabilities of $21k, net assets of $627k.