New Museum of Contemporary Art
235 Bowery, New York, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $25,693,478 | $18,744,121 | $121,840,246 |
| FY2024 | $30,646,973 | $19,116,689 | $113,576,852 |
| FY2023 | $22,785,608 | $19,314,507 | $101,470,316 |
| FY2022 | $41,908,538 | $16,975,769 | $97,008,881 |
| FY2021 | $11,594,818 | $15,107,806 | $89,084,232 |
| FY2020 | $11,726,489 | $15,975,223 | $92,405,282 |
| FY2019 | $14,932,776 | $17,522,132 | $86,042,899 |
| FY2018 | $16,368,880 | $16,850,426 | $87,908,984 |
| FY2017 | $24,302,085 | $16,817,014 | $87,933,771 |
| FY2016 | $38,211,400 | $15,143,832 | $79,996,372 |
| FY2015 | $9,396,902 | $14,248,873 | $57,434,707 |
| FY2014 | $12,455,609 | $13,971,884 | $62,000,281 |
| FY2013 | $9,965,795 | $13,323,488 | $62,869,604 |
| FY2012 | $10,663,333 | $12,811,406 | $65,203,017 |
Form 990 filings
The returns filed by New Museum of Contemporary Art (EIN 13-2986881), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $22,476,994 | 87% |
| Program service revenue | $1,805,751 | 7% |
| Other revenue | $1,410,733 | 5% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $15,115,036 | 81% |
| Management & general | $1,423,436 | 8% |
| Fundraising | $2,205,649 | 12% |
What the numbers show
- Contributions & grants made up 87% of total revenue in FY2025.
- Program services accounted for 81% of functional expenses, management & general 8%, and fundraising 12%.
- 81% of functional expenses went to program services in FY2025. That is higher than 68.2% of 132 Arts, Culture & Humanities organizations in NY.
- Net assets covered about 78 months of expenses at the end of the reporting year. That puts it in the 84th percentile among 3987 Arts, Culture & Humanities organizations in NY.
- Total revenue was higher than 98.9% of 4097 Arts, Culture & Humanities organizations in NY.
- Total revenue rose from $10,663,333 in FY2012 to $25,693,478 in FY2025. Revenue increased in 4 and decreased in 9 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2018, FY2019, FY2020, FY2021).
- The highest revenue on record here is $41,908,538 in FY2022.
- Net assets grew from $65,203,017 to $121,840,246 between FY2012 and FY2025.
- Contributions and grants made up 71% of revenue in FY2012 and 88% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
A CENTER FOR EXHIBITIONS, INFORMATION, AND DOCUMENTATION ABOUT LIVING ARTISTS SINCE 1977, WHICH CONTINUES TO BE A PLACE OF EXPERIMENTATION AND A HUB OF NEW ART AND NEW IDEAS.
IRS status
| Ruling year | 1979 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A510 — Arts, Culture & Humanities (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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