The Museum of Food and Drink

Analysis

The Museum of Food and Drink is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2012, 14 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 June 2023, The Museum of Food and Drink reported income of $788k and spending of $518k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.3m to $788k (-40%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 154%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Museum of Food and Drink sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Indo-American Arts Council Inc ($787k), Playhouse Arts ($788k) and Ten Chimneys Foundation Inc ($787k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $122k (24% of expenses). Other salaries and wages came to $167k. At year end it held assets of $564k against liabilities of $761k, net assets of -$197k. It reported 20 employees.