Strawbery Banke Museum

Analysis

Strawbery Banke Museum is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in February 1967, 59 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Strawbery Banke Museum reported income of $5.7m and spending of $3.9m, leaving 32% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $3.3m to $5.7m (+74%), an average of +15% a year. The sharpest change came in the year to March 2021, when income rose by 75%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Strawbery Banke Museum sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NH. Charities of a similar size with the same main cause include National Association of Black Journalists ($5.7m), The Durham Museum ($5.7m) and Jayne Wrightsman Irr Trust Xxxxx7008 ($5.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 64% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $117k (3.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $20.9m against liabilities of $412k, net assets of $20.5m. It reported 103 employees.