New York City Fire Museum

Analysis

New York City Fire Museum 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New York City Fire Museum reported income of $506k and spending of $558k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $568k to $506k (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income rose by 108%. 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, New York City Fire Museum sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Boulder Ensemble Theatre Company ($506k), Red Hook Art Project Inc ($506k) and Florida Orchestra Association ($506k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $112k (20% of expenses). Other salaries and wages came to $223k. At year end it held assets of $571k against liabilities of $47k, net assets of $524k. It reported 11 employees.