Bennington Museum Inc

Analysis

Bennington Museum Inc is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in February 1928, 98 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 June 2023, Bennington Museum Inc reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $921k to $1.3m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 154%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bennington Museum Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within VT. Charities of a similar size with the same main cause include Polish Heritage Center Foundation at Panna Maria ($1.3m), Rocky Mountain Student Media Corporation ($1.3m) and Kahuli Leo Lea ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $132k (10% of expenses). Other salaries and wages came to $426k. At year end it held assets of $7.2m against liabilities of $140k, net assets of $7.1m. It reported 16 employees.