Friends of the Neuberger Museum Inc

Analysis

Friends of the Neuberger Museum Inc is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in May 1973, 53 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, Friends of the Neuberger Museum Inc reported income of $831k and spending of $1.2m, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $831k (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2021, when income rose by 413%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Neuberger Museum Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Colectivo El Ancon de Loiza Incorporado ($831k), Connecticut Music Educators Assn Inc ($831k) and Lakota Language Consortium Inc ($831k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 6.5% of the total. At year end it held assets of $10.7m against liabilities of $58k, net assets of $10.6m.