FRIENDS OF THE NEW YORK TRANSIT MUSEUM
Mission Statement
A treasure trove for transit buffs and curious visitors alike, the New York Transit Museum offers a one-of-a-kind experience you won’t find anywhere else. Founded in 1976, the Museum is dedicated to preserving and sharing the stories of New York’s mass transportation—from groundbreaking engineering feats and the labor of workers who carved tunnels over a century ago, to the communities transformed by transit and the ever-evolving technology, design, and ridership of a system that runs 24 hours a day, every day of the year. Located underground in a decommissioned 1936 subway station in Brooklyn, the Museum’s platform level spans a full city block and features a rotating selection of twenty vintage subway and elevated cars, some dating back to 1904. Visitors can board our historic train cars, sit behind the wheel of a city bus, walk through a century of turnstile design, and explore changing exhibitions that illuminate the cultural, social, and technological past—and future—of mass transit.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 240.4% |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 10.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-100.0% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-100.0% | 8.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | N/A | N/A | N/A | — | — |
| 2023 | $2.5M | $2.4M | $13.6M | 60.7% | 97 |
| 2022 | $2.9M | $1.7M | $13.1M | 59.3% | 43 |
| 2021 | $2.8M | $1.4M | $14.0M | 58.0% | 51 |
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