National September 11 Memorial and Museum at the World Trade Center

Analysis

National September 11 Memorial and Museum at the World Trade Center is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National September 11 Memorial and Museum at the World Trade Center reported income of $90.3m and spending of $102.7m, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $37.7m to $90.3m (+139%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National September 11 Memorial and Museum at the World Trade Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Pittsburgh Cultural Trust ($89.9m), Association for Computing Machinery Inc ($91.1m) and Brookings Institution ($89.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $3.5m (3.4% of expenses). Other salaries and wages came to $19.6m. It paid $994k in professional fundraising fees. At year end it held assets of $569.1m against liabilities of $40.0m, net assets of $529.0m. It reported 415 employees.