Museum Of The City Of New York
Museum Of The City Of New York shows consistent asset growth and recent positive net income after periods of deficit spending.
EIN: 131624098 · New York, NY · NTEE: A540 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.2M |
| Total Expenses | $16.8M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $21,175,717 |
| Net Assets | $65.7M |
| Transparency Score | 75/100 |
Is Museum Of The City Of New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Museum Of The City Of New York directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Museum Of The City Of New York
Museum Of The City Of New York (EIN: 131624098) is a nonprofit organization based in New York, NY, classified under NTEE code A540. The organization reported total revenue of $21.2M and total assets of $69.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Museum Of The City Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Museum Of The City Of New York is a large nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.4M |
| Total Expenses | $16.8M |
| Surplus / Deficit | +$575K |
| Total Assets | $68.4M |
| Total Liabilities | $2.7M |
| Net Assets | $65.7M |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 48.8 months |
Financial Health Grade: A
In 2023, Museum Of The City Of New York reported a surplus of $575K with revenue exceeding expenses, holds 48.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Museum Of The City Of New York's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.3% | +34.0% | +9.7% |
| 2022 | +14.6% | +20.0% | -6.7% |
| 2021 | +0.9% | -20.9% | +17.1% |
| 2020 | +4.0% | -16.8% | +0.6% |
| 2019 | +9.8% | +2.0% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1942 |
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 Museum Of The City Of New York 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, Museum Of The City Of New York 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 surplus of $575K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filing periods, which is unusual for an organization of this size ($21,175,717 latest revenue, $69,723,468 assets). This either indicates that executive compensation is not reported under 'Officer Comp' in this summary, or that key leadership roles are entirely volunteer-based, which would be highly atypical for a major museum.
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 Museum Of The City Of New York's IRS 990 filings:
- Consistent 0% officer compensation reported, which is atypical for an organization of this size and warrants further investigation into how executive pay is disclosed.
- Periods of deficit spending where expenses exceeded revenue, such as in 2019 ($15,899,669 expenses vs. $13,236,438 revenue) and 2018 ($15,590,541 expenses vs. $12,059,385 revenue), though recent years show improvement.
Strengths
The following positive indicators were identified for Museum Of The City Of New York:
- Strong asset growth, increasing from $57,067,807 in 2020 to $68,393,198 in 2023.
- Positive net income in recent years, with 2023 revenue ($17,403,955) exceeding expenses ($16,829,041).
- Relatively low liabilities compared to assets, indicating good financial health and solvency.
- Consistent revenue generation over a long period, demonstrating resilience and donor support.
Frequently Asked Questions about Museum Of The City Of New York
Is Museum Of The City Of New York a legitimate charity?
Museum Of The City Of New York (EIN: 131624098) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $21.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Museum Of The City Of New York spend its money?
Museum Of The City Of New York directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Museum Of The City Of New York tax-deductible?
Museum Of The City Of New York is registered as a tax-exempt nonprofit (EIN: 131624098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Museum Of The City Of New York CEO make?
Museum Of The City Of New York's highest-compensated officer earns $21,175,717 annually. The organization reported $21.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Museum Of The City Of New York's spending goes to programs?
Museum Of The City Of New York directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Museum Of The City Of New York compare to similar nonprofits?
With a transparency score of 75/100 (Good), Museum Of The City Of New York is above average for NTEE category A540 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Museum Of The City Of New York located?
Museum Of The City Of New York is headquartered in New York, New York and files with the IRS under EIN 131624098. It is classified under NTEE code A540.
How many years of IRS 990 filings does Museum Of The City Of New York have?
Museum Of The City Of New York has 13 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 $21.2M in total revenue.
Is the Museum Of The City Of New York financially stable?
Yes, the museum appears financially stable. Its assets have consistently grown, reaching $68,393,198 in 2023, and it has shown positive net income in recent years, such as in 2023 where revenue ($17,403,955) exceeded expenses ($16,829,041).
How has the museum's revenue trended over time?
The museum's revenue has fluctuated but shown an upward trend in recent years, increasing from $13,770,494 in 2020 to $17,403,955 in 2023, with a peak of $24,501,420 in 2015.
What is the organization's liability situation?
The organization's liabilities are relatively low compared to its assets, standing at $2,707,727 in 2023 against assets of $68,393,198, indicating a healthy balance sheet.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. This could mean that compensation for top executives is reported under different categories, or that the summary data provided does not capture this detail, rather than a complete absence of paid leadership.
Filing History
IRS 990 filing history for Museum Of The City Of New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Museum Of The City Of New York's revenue has grown by 24.9%, moving from $13.9M to $17.4M. Total assets increased by 43.8% over the same period, from $47.5M to $68.4M. Total functional expenses rose by 52.5%, from $11.0M to $16.8M. In its most recent filing year (2023), Museum Of The City Of New York reported a surplus of $575K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $68.4M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $65.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.4M | $16.8M | $68.4M | $2.7M | — | View 990 |
| 2022 | $15.9M | $12.6M | $62.4M | $781K | — | View 990 |
| 2021 | $13.9M | $10.5M | $66.9M | $2.5M | — | View 990 |
| 2020 | $13.8M | $13.2M | $57.1M | $2.5M | — | View 990 |
| 2019 | $13.2M | $15.9M | $56.7M | $1.5M | — | View 990 |
| 2018 | $12.1M | $15.6M | $57.9M | $1.4M | — | View 990 |
| 2017 | $22.1M | $22.0M | $60.1M | $1.2M | — | View 990 |
| 2016 | $17.4M | $18.0M | $58.0M | $1.2M | — | View 990 |
| 2015 | $24.5M | $15.5M | $59.5M | $839K | — | View 990 |
| 2014 | $17.4M | $12.7M | $51.7M | $705K | — | View 990 |
| 2013 | $12.0M | $13.7M | $44.9M | $767K | — | View 990 |
| 2012 | $11.5M | $13.4M | $45.3M | $676K | — | View 990 |
| 2011 | $13.9M | $11.0M | $47.5M | $687K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.4M, expenses of $16.8M, and assets of $68.4M (revenue +9.3% year-over-year).
- 2022: Revenue of $15.9M, expenses of $12.6M, and assets of $62.4M (revenue +14.6% year-over-year).
- 2021: Revenue of $13.9M, expenses of $10.5M, and assets of $66.9M (revenue +0.9% year-over-year).
- 2020: Revenue of $13.8M, expenses of $13.2M, and assets of $57.1M (revenue +4.0% year-over-year).
- 2019: Revenue of $13.2M, expenses of $15.9M, and assets of $56.7M (revenue +9.8% year-over-year).
- 2018: Revenue of $12.1M, expenses of $15.6M, and assets of $57.9M (revenue -45.3% year-over-year).
- 2017: Revenue of $22.1M, expenses of $22.0M, and assets of $60.1M (revenue +26.8% year-over-year).
- 2016: Revenue of $17.4M, expenses of $18.0M, and assets of $58.0M (revenue -29.0% year-over-year).
- 2015: Revenue of $24.5M, expenses of $15.5M, and assets of $59.5M (revenue +40.5% year-over-year).
- 2014: Revenue of $17.4M, expenses of $12.7M, and assets of $51.7M (revenue +45.3% year-over-year).
- 2013: Revenue of $12.0M, expenses of $13.7M, and assets of $44.9M (revenue +4.0% year-over-year).
- 2012: Revenue of $11.5M, expenses of $13.4M, and assets of $45.3M (revenue -17.2% year-over-year).
- 2011: Revenue of $13.9M, expenses of $11.0M, and assets of $47.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Museum Of The City Of New York:
Data Sources and Methodology
This transparency report for Museum Of The City Of New York 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.