Heckscher Museum
Heckscher Museum faces consistent operating deficits despite stable assets and no reported officer compensation.
EIN: 116038031 · Huntington, NY · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.6M |
| Program Spending | 70% |
| Net Assets | $8.3M |
| Transparency Score | 75/100 |
Is Heckscher Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heckscher Museum directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Heckscher Museum
Heckscher Museum (EIN: 116038031) is a nonprofit organization based in Huntington, NY, classified under NTEE code A510. The organization reported total revenue of $3.0M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heckscher Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heckscher Museum is a mid-size nonprofit that has been operating for 62 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-862,918 |
| Total Assets | $9.4M |
| Total Liabilities | $1.0M |
| Net Assets | $8.3M |
| Operating Margin | -50.1% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 43.4 months |
Financial Health Grade: B
In 2023, Heckscher Museum reported a deficit of $863K with expenses exceeding revenue, holds 43.4 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Heckscher Museum's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | +20.2% | -2.2% |
| 2022 | -8.4% | +11.3% | -16.5% |
| 2021 | +21.6% | +2.3% | +7.1% |
| 2020 | +8.2% | -1.8% | +3.6% |
| 2019 | +4.4% | +7.8% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heckscher Museum with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Heckscher Museum allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $863K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.9%.
Executive Compensation Analysis
The Heckscher Museum consistently reports 0% for officer compensation across all available IRS 990 filings, indicating either unpaid leadership or compensation reported under other expense categories, which is a notable point for transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Heckscher Museum's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022)
- Significant year-over-year revenue volatility
Strengths
The following positive indicators were identified for Heckscher Museum:
- Stable and substantial asset base ($9.59M latest)
- Consistent IRS 990 filing history (14 filings)
- No reported officer compensation, indicating potential volunteer leadership or efficient compensation structure
- Clear mission focus as a museum (NTEE A510)
Frequently Asked Questions about Heckscher Museum
Is Heckscher Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Heckscher Museum (EIN: 116038031) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Heckscher Museum spend its money?
Heckscher Museum directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heckscher Museum tax-deductible?
Heckscher Museum is registered as a tax-exempt nonprofit (EIN: 116038031). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heckscher Museum's spending goes to programs?
Heckscher Museum directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Heckscher Museum compare to similar nonprofits?
With a transparency score of 75/100 (Good), Heckscher Museum is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heckscher Museum located?
Heckscher Museum is headquartered in Huntington, New York and files with the IRS under EIN 116038031. It is classified under NTEE code A510.
How many years of IRS 990 filings does Heckscher Museum have?
Heckscher Museum has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.0M in total revenue.
Is Heckscher Museum financially sustainable given recent operating deficits?
The museum has experienced expenses exceeding revenue in recent years (e.g., 2023: $2.58M expenses vs. $1.72M revenue; 2022: $2.15M expenses vs. $1.84M revenue). While its asset base is stable, this trend could impact long-term sustainability if not reversed.
How does the museum fund its operations without reported officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be unpaid or their compensation is categorized differently. Further detail would be needed to understand the full compensation structure.
What is the reason for the significant revenue fluctuations over the past decade?
Revenue has varied widely, from $4.07M in 2015 to $1.23M in 2014. Understanding the sources of these fluctuations (e.g., large grants, capital campaigns, endowment performance) is key to assessing financial predictability.
Filing History
IRS 990 filing history for Heckscher Museum showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Heckscher Museum's revenue has grown by 11.9%, moving from $1.5M to $1.7M. Total assets decreased by 15% over the same period, from $11.0M to $9.4M. Total functional expenses rose by 72.9%, from $1.5M to $2.6M. In its most recent filing year (2023), Heckscher Museum reported a deficit of $863K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $9.4M in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $8.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.6M | $9.4M | $1.0M | — | — |
| 2022 | $1.8M | $2.2M | $9.6M | $979K | — | View 990 |
| 2021 | $2.0M | $1.9M | $11.5M | $1.2M | — | View 990 |
| 2020 | $1.7M | $1.9M | $10.7M | $1.1M | — | — |
| 2019 | $1.5M | $1.9M | $10.3M | $973K | — | View 990 |
| 2018 | $1.5M | $1.8M | $9.7M | $852K | — | View 990 |
| 2017 | $2.7M | $1.7M | $10.8M | $878K | — | View 990 |
| 2016 | $1.3M | $1.7M | $9.3M | $798K | — | View 990 |
| 2015 | $4.1M | $1.5M | $9.4M | $741K | — | View 990 |
| 2014 | $1.2M | $1.4M | $12.1M | $5.5M | — | View 990 |
| 2013 | $1.4M | $1.4M | $12.3M | $5.5M | — | View 990 |
| 2012 | $1.4M | $1.3M | $12.1M | $5.6M | — | View 990 |
| 2011 | $1.4M | $1.2M | $11.1M | $4.8M | — | View 990 |
| 2010 | $1.5M | $1.5M | $11.0M | $4.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.6M, and assets of $9.4M (revenue -6.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.2M, and assets of $9.6M (revenue -8.4% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.9M, and assets of $11.5M (revenue +21.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.9M, and assets of $10.7M (revenue +8.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.9M, and assets of $10.3M (revenue +4.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.8M, and assets of $9.7M (revenue -45.9% year-over-year).
- 2017: Revenue of $2.7M, expenses of $1.7M, and assets of $10.8M (revenue +103.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.7M, and assets of $9.3M (revenue -67.4% year-over-year).
- 2015: Revenue of $4.1M, expenses of $1.5M, and assets of $9.4M (revenue +231.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.4M, and assets of $12.1M (revenue -10.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $12.3M (revenue -4.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $12.1M (revenue +4.2% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.2M, and assets of $11.1M (revenue -9.7% year-over-year).
- 2010: Revenue of $1.5M, expenses of $1.5M, and assets of $11.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heckscher Museum:
Data Sources and Methodology
This transparency report for Heckscher Museum is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.