Fruitlands Museums Inc

Analysis

Fruitlands Museums Inc is a registered charity in United States, based in Boston, MA. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Fruitlands Museums Inc reported income of $516k and spending of $940k, spending 182% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $585k to $516k (-12%), an average of -3.1% a year. The sharpest change came in the year to March 2022, when income rose by 106%. Over the whole period it spent 240% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fruitlands Museums Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Hyde Hall Inc ($516k), Wombwork Productions Inc ($516k) and Ocean City Arts Center a New Jersey Nonprofit Corporation ($516k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 4.3% and program service revenue 46% of the total. Other salaries and wages came to $406k. At year end it held assets of $19.4m against liabilities of $422k, net assets of $18.9m.

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.