Misnomer

Analysis

Misnomer is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2008, 18 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, Misnomer reported income of $527k and spending of $612k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $587k to $527k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Misnomer sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Maryland Center for the Visual and Performing Arts Inc ($527k), The Institute for Financial Markets ($527k) and Roswell Arts Fund Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $98k (16% of expenses). At year end it held assets of $99k against liabilities of $610k, net assets of -$510k.