STATEN ISLAND INSTITUTE OF ARTS AND SCIENCES
Mission Statement
About the Museum Founded in 1881, the Staten Island Museum engages visitors with interdisciplinary exhibitions, public programs, and educational activities for all ages. It is the mission of the Staten Island Museum to spark curiosity and generate meaningful shared experiences through natural science, art, and history to deepen understanding of our environment, ourselves, and each other. Our vision is to: Make institutional decisions informed by diversity, equity and inclusion values Reflect the diversity of the Staten Island community as represented by our board, staff, and volunteers Provide a museum environment and program that is truly welcoming and inclusive of all people
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.0% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.6% | 14.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.5% | 5.4% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
387.0% | 240.4% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
14.3 mo | 16.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.9% | 10.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
87.9% | 74.5% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
0.2% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
4.7% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-4.3% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.5M | $2.6M | $3.1M | 75.0% | 32 |
| 2023 | $2.5M | $2.5M | $3.2M | 73.1% | 26 |
| 2022 | $2.3M | $2.4M | $3.3M | 72.1% | 27 |
| 2021 | $2.2M | $2.0M | N/A | — | 32 |
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