Brick Store Museum

Analysis

Brick Store Museum is a registered charity in United States, based in Kennebunk, ME. It received its IRS tax-exemption ruling in April 1944, 82 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brick Store Museum reported income of $1.1m and spending of $474k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $776k to $1.1m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 178%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brick Store Museum sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Stagecrafters ($1.1m), Temple Theater Company Inc ($1.1m) and Wave Farm Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $69k (15% of expenses). Other salaries and wages came to $135k. At year end it held assets of $3.5m against liabilities of $14k, net assets of $3.5m. It reported 6 employees.