Plimoth Patuxet Museums Inc

Analysis

Plimoth Patuxet Museums Inc is a registered charity in United States, based in Plymouth, MA. It received its IRS tax-exemption ruling in November 1948, 78 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 December 2023, Plimoth Patuxet Museums Inc reported income of $10.4m and spending of $10.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $10.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Plimoth Patuxet Museums Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Festival of Arts of Laguna Beach ($10.4m), United Performing Arts Fund Inc ($10.4m) and An Claidheamh Soluis Inc ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $420k (4.0% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $40.3m against liabilities of $8.0m, net assets of $32.3m. It reported 196 employees.