Rubin Museum of Art

Analysis

Rubin Museum of Art is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rubin Museum of Art reported income of $11.7m and spending of $15.0m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.2m to $11.7m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rubin Museum of Art sits at the 96th percentile: it is larger than about 96% 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 Northland Foundation ($11.7m), Homebase ($11.7m) and Greater Houston Golf Charity ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $676k (4.5% of expenses). Other salaries and wages came to $4.4m. It paid $42k in professional fundraising fees. At year end it held assets of $194.2m against liabilities of $2.2m, net assets of $192.1m. It reported 75 employees.