American Precision Museum Association

Analysis

American Precision Museum Association is a registered charity in United States, based in Windsor, VT. It received its IRS tax-exemption ruling in July 1966, 60 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 April 2023, American Precision Museum Association reported income of $1.8m and spending of $943k, leaving 47% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $564k to $1.8m (+213%), an average of +46% a year. The sharpest change came in the year to April 2023, when income rose by 130%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Precision Museum Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within VT. Charities of a similar size with the same main cause include Media Arts Center San Diego ($1.8m), Maine Historical Society ($1.8m) and Oregon Coast Scenic Railroad ($1.8m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 94% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $275k. At year end it held assets of $2.8m against liabilities of $97k, net assets of $2.7m. It reported 15 employees.