Climate Museum

Analysis

Climate Museum is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2016, 10 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, Climate Museum reported income of $3.2m and spending of $2.6m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $988k to $3.2m (+225%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 229%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Climate Museum sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Los Angeles Conservancy ($3.2m), Intuit the Center for Intuitive and Outside Art ($3.2m) and Freshgrass Public Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $198k (7.6% of expenses). Other salaries and wages came to $737k. At year end it held assets of $1.6m against liabilities of $137k, net assets of $1.5m. It reported 15 employees.