Edward Hopper House Museum and Study Center

Analysis

Edward Hopper House Museum and Study Center is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in March 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Edward Hopper House Museum and Study Center reported income of $356k and spending of $327k, spending 92% of its income. Across the 6 years on record, from March 2019 to March 2024, income fell from $487k to $356k (-27%), an average of -6.1% a year. The sharpest change came in the year to March 2023, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edward Hopper House Museum and Study Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Vna Comprehensive Services Inc ($355k), Greenwoods Scholarship Foundation Inc ($356k) and Osterville Historical Society Inc ($355k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $73k (22% of expenses). Other salaries and wages came to $61k. At year end it held assets of $361k against liabilities of $72k, net assets of $290k. It reported 6 employees.