Cardinal Spellman Philatelic Museum Inc

Analysis

Cardinal Spellman Philatelic Museum Inc is a registered charity in United States, based in Weston, MA. It received its IRS tax-exemption ruling in August 2018, 8 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, Cardinal Spellman Philatelic Museum Inc reported income of $253k and spending of $207k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $383k to $253k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. 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, Cardinal Spellman Philatelic Museum Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Cascade Symphony Orchestra Inc ($253k), Film Preservation Society Inc ($253k) and National Stearman Foundation Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 3.9% of the total. Other salaries and wages came to $28k. At year end it held assets of $744k against liabilities of $57k, net assets of $688k. It reported 5 employees.