Seaport Museum New York
Seaport Museum New York shows strong asset growth and no reported officer compensation, with fluctuating but generally positive operating results.
EIN: 132596500 · New York, NY · NTEE: A500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $5.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $28,606,610 |
| Net Assets | $23.2M |
| Transparency Score | 85/100 |
Is Seaport Museum New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seaport Museum New York directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seaport Museum New York
Seaport Museum New York (EIN: 132596500) is a nonprofit organization based in New York, NY, classified under NTEE code A500. The organization reported total revenue of $8.8M and total assets of $28.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seaport Museum New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seaport Museum New York is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $5.3M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $26.9M |
| Total Liabilities | $3.7M |
| Net Assets | $23.2M |
| Operating Margin | 18.0% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 60.8 months |
Financial Health Grade: A
In 2023, Seaport Museum New York reported a surplus of $1.2M with revenue exceeding expenses, holds 60.8 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Seaport Museum New York's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.9% | +3.3% | +0.6% |
| 2022 | +205.6% | +33.0% | +5.5% |
| 2021 | -14.5% | +6.3% | +45.8% |
| 2020 | +3.0% | -21.7% | +15.1% |
| 2019 | +7.3% | -13.4% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
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 Seaport Museum New York with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Seaport Museum New York allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
The Seaport Museum New York consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base ($28,606,610). This suggests either a reliance on volunteer leadership, compensation through a related entity, or that key personnel are classified differently, warranting further investigation for full 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 Seaport Museum New York's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could obscure actual executive remuneration.
- Significant revenue fluctuation (e.g., $3.9M in 2021 to $12.1M in 2022 to $6.4M in 2023) suggests reliance on unpredictable large contributions.
Strengths
The following positive indicators were identified for Seaport Museum New York:
- Strong and consistent asset growth, from $17,027,269 in 2015 to $28,606,610 currently, indicating robust financial health.
- Generally positive operating margins in recent years, with revenues often exceeding expenses (e.g., $6,471,516 revenue vs. $5,305,698 expenses in 2023).
- Liabilities are well-managed and represent a small portion of total assets, indicating low financial risk.
- No reported officer compensation, which could indicate high efficiency or reliance on volunteer leadership, potentially freeing up funds for programs.
Frequently Asked Questions about Seaport Museum New York
Is Seaport Museum New York a legitimate charity?
Seaport Museum New York (EIN: 132596500) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Seaport Museum New York spend its money?
Seaport Museum New York directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seaport Museum New York tax-deductible?
Seaport Museum New York is registered as a tax-exempt nonprofit (EIN: 132596500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seaport Museum New York CEO make?
Seaport Museum New York's highest-compensated officer earns $28,606,610 annually. The organization reported $8.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seaport Museum New York's spending goes to programs?
Seaport Museum New York directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seaport Museum New York compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Seaport Museum New York is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seaport Museum New York located?
Seaport Museum New York is headquartered in New York, New York and files with the IRS under EIN 132596500. It is classified under NTEE code A500.
How many years of IRS 990 filings does Seaport Museum New York have?
Seaport Museum 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 $8.8M in total revenue.
How does the Seaport Museum New York manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all available filings (2013-2023) for an organization with assets of $28,606,610 is highly unusual. This could indicate that executive leadership is entirely volunteer-based, compensated by a related entity, or that their roles are classified in a way that doesn't fall under 'officer compensation' on the 990 form. Further inquiry into their organizational structure and compensation practices would be beneficial for full understanding.
What caused the significant revenue spike in 2022?
In 2022, the Seaport Museum New York reported a revenue of $12,195,681, a substantial increase from $3,990,883 in 2021 and $6,471,516 in 2023. This spike likely indicates a large one-time donation, a significant grant, or a successful capital campaign during that period, which significantly boosted its financial resources.
Is the Seaport Museum New York financially stable?
Yes, the Seaport Museum New York appears financially stable. It has consistently grown its assets from $17,027,269 in 2015 to $28,606,610 currently, and generally maintains expenses below or in line with revenues, as seen in 2023 where revenue was $6,471,516 and expenses were $5,305,698. Liabilities are also well-managed relative to assets.
Filing History
IRS 990 filing history for Seaport Museum New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Seaport Museum New York's revenue has grown by 123.3%, moving from $2.9M to $6.5M. Total assets decreased by 15.3% over the same period, from $31.7M to $26.9M. Total functional expenses fell by 10%, from $5.9M to $5.3M. In its most recent filing year (2023), Seaport Museum New York reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $3.7M in liabilities against $26.9M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $23.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $5.3M | $26.9M | $3.7M | — | — |
| 2022 | $12.2M | $5.1M | $26.7M | $4.8M | — | — |
| 2021 | $4.0M | $3.9M | $25.3M | $10.1M | — | View 990 |
| 2020 | $4.7M | $3.6M | $17.4M | $2.0M | — | View 990 |
| 2019 | $4.5M | $4.6M | $15.1M | $808K | — | View 990 |
| 2018 | $4.2M | $5.4M | $14.9M | $607K | — | View 990 |
| 2017 | $3.7M | $4.6M | $16.3M | $840K | — | View 990 |
| 2015 | $2.5M | $3.2M | $17.0M | $469K | — | View 990 |
| 2014 | $2.5M | $2.8M | $17.8M | $515K | — | View 990 |
| 2013 | $2.5M | $3.7M | $20.5M | $341K | — | View 990 |
| 2012 | $5.0M | $4.5M | $21.7M | $400K | — | View 990 |
| 2011 | $8.5M | $3.4M | $21.4M | $1.1M | — | View 990 |
| 2010 | $2.9M | $5.9M | $31.7M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $5.3M, and assets of $26.9M (revenue -46.9% year-over-year).
- 2022: Revenue of $12.2M, expenses of $5.1M, and assets of $26.7M (revenue +205.6% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.9M, and assets of $25.3M (revenue -14.5% year-over-year).
- 2020: Revenue of $4.7M, expenses of $3.6M, and assets of $17.4M (revenue +3.0% year-over-year).
- 2019: Revenue of $4.5M, expenses of $4.6M, and assets of $15.1M (revenue +7.3% year-over-year).
- 2018: Revenue of $4.2M, expenses of $5.4M, and assets of $14.9M (revenue +13.7% year-over-year).
- 2017: Revenue of $3.7M, expenses of $4.6M, and assets of $16.3M (revenue +49.6% year-over-year).
- 2015: Revenue of $2.5M, expenses of $3.2M, and assets of $17.0M (revenue -1.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.8M, and assets of $17.8M (revenue +1.0% year-over-year).
- 2013: Revenue of $2.5M, expenses of $3.7M, and assets of $20.5M (revenue -50.3% year-over-year).
- 2012: Revenue of $5.0M, expenses of $4.5M, and assets of $21.7M (revenue -41.0% year-over-year).
- 2011: Revenue of $8.5M, expenses of $3.4M, and assets of $21.4M (revenue +192.9% year-over-year).
- 2010: Revenue of $2.9M, expenses of $5.9M, and assets of $31.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seaport Museum New York:
Data Sources and Methodology
This transparency report for Seaport Museum 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.