Laconia Museum Society Inc

Analysis

Laconia Museum Society Inc is a registered charity in United States, based in Laconia, NH. It received its IRS tax-exemption ruling in November 1994, 32 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, Laconia Museum Society Inc reported income of $56k and spending of $67k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $56k (-5.8%), an average of -5.8% a year. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laconia Museum Society Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NH. Charities of a similar size with the same main cause include Advanced Beginner Group Inc ($56k), Brick Township Memoral High School Band Support Associaton ($56k) and Warriors of the Wonderful Sound Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 14% of the total. At year end it held assets of $320k against liabilities of $44k, net assets of $276k.