Fasny Museum of Firefighting

Analysis

Fasny Museum of Firefighting is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in January 2003, 23 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 September 2023, Fasny Museum of Firefighting reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.3m to $1.1m (-18%), an average of -4.7% a year. The sharpest change came in the year to September 2021, when income rose by 149%. 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, Fasny Museum of Firefighting sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Emerson Cultural Center Inc ($1.1m), Atlantic Impact ($1.1m) and Museo de Las Americas ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $101k (9.9% of expenses). Other salaries and wages came to $330k. At year end it held assets of $8.3m against liabilities of $62k, net assets of $8.2m. It reported 20 employees.