Noel Shoe Museum

Analysis

Noel Shoe Museum is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2023, 3 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, Noel Shoe Museum reported income of $110k and spending of $214k, spending 195% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $191k to $110k (-43%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 41227%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Noel Shoe Museum sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Valley Classical Concerts Inc ($110k), Wonder Works - a Childrens Museum ($110k) and Bushwick Northwest ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $41k against liabilities of $122k, net assets of -$81k.