Museum Hue Inc

Analysis

Museum Hue Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2021, 5 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 2024, Museum Hue Inc reported income of $1.3m and spending of $806k, leaving 39% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $1.1m to $1.3m (+15%), an average of +7.1% a year. The sharpest change came in the year to June 2024, when income rose by 713%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum Hue Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include National Arts Strategies Inc ($1.3m), The Flea Theater Inc ($1.3m) and Journalism Education Association Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $142k (18% of expenses). Other salaries and wages came to $237k. At year end it held assets of $906k against liabilities of $63k, net assets of $844k. It reported 6 employees.