American Museum of Fly Fishing Inc

Analysis

American Museum of Fly Fishing Inc is a registered charity in United States, based in Manchester, VT. It received its IRS tax-exemption ruling in August 1968, 58 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, American Museum of Fly Fishing Inc reported income of $597k and spending of $786k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $750k to $597k (-20%), an average of -5.6% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 108% 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 Museum of Fly Fishing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within VT. Charities of a similar size with the same main cause include Ohio Falun Dafa Association ($597k), Project Miracle ($597k) and Pump House Regional Arts Center ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $112k (14% of expenses). Other salaries and wages came to $222k. At year end it held assets of $2.7m against liabilities of $7,020, net assets of $2.7m. 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.