Friends of the High Line Inc

Analysis

Friends of the High Line Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2001, 25 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, Friends of the High Line Inc reported income of $21.0m and spending of $22.9m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.0m to $21.0m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 75% 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 High Line Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Atlanta Educational Telecommunications Collaborative ($20.9m), Jazz at Aspen-Snowmass ($21.2m) and Detroit Opera ($20.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $2.1m (9.3% of expenses). Other salaries and wages came to $8.7m. It paid $170k in professional fundraising fees. At year end it held assets of $120.0m against liabilities of $2.0m, net assets of $118.0m. It reported 217 employees.