Gracie Mansion Conservancy

Analysis

Gracie Mansion Conservancy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gracie Mansion Conservancy reported income of $260k and spending of $351k, spending 135% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $453k to $260k (-42%), an average of -10% a year. The sharpest change came in the year to June 2024, when income rose by 225%. Over the whole period it spent 184% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gracie Mansion Conservancy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Delmarva Discovery Center & Museum Inc ($260k), Etm-Massachusetts Inc ($260k) and Friends of the Visual Arts ($260k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $200k (57% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.