Friends of Garvies Point Museum and Preserve

Analysis

Friends of Garvies Point Museum and Preserve is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in June 2006, 20 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 August 2023, Friends of Garvies Point Museum and Preserve reported income of $113k and spending of $83k, leaving 26% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $97k to $113k (+17%), an average of +17% a year. The sharpest change came in the year to August 2023, when income rose by 17%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Garvies Point Museum and Preserve sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include East Greenwich News ($113k), Wyalusing Valley Museum Assoc ($113k) and Arcadia Historical & Preservation Society ($113k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 3.6% and program service revenue 49% of the total. At year end it held assets of $315k against liabilities of $0, net assets of $315k.