New England Ski Museum

Analysis

New England Ski Museum is a registered charity in United States, based in Franconia, NH. It received its IRS tax-exemption ruling in April 1979, 47 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 September 2023, New England Ski Museum reported income of $363k and spending of $473k, spending 130% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $362k to $363k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to September 2023, when income rose by 35%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Ski Museum sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within NH. Charities of a similar size with the same main cause include Jersey City Theater Center Inc ($363k), Lovegood Performing Arts Company ($363k) and Carving Studio and Sculpture Center ($363k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $70k (15% of expenses). Other salaries and wages came to $119k. At year end it held assets of $1.5m against liabilities of $9,651, net assets of $1.5m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.