Isamu Noguchi Foundation and Garden Museum

Analysis

Isamu Noguchi Foundation and Garden Museum is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in December 2004, 22 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, Isamu Noguchi Foundation and Garden Museum reported income of $11.9m and spending of $10.0m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $11.9m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Isamu Noguchi Foundation and Garden Museum sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Cleveland Play House ($11.9m), National Foundation for Advancement in the Arts Inc ($12.0m) and St Anns Warehouse Inc ($11.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $840k (8.4% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $74.0m against liabilities of $3.9m, net assets of $70.1m. It reported 90 employees.