Friends of the Museum of Printing Inc the

Analysis

Friends of the Museum of Printing Inc the is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Friends of the Museum of Printing Inc the reported income of $223k and spending of $252k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $223k (-83%), an average of -36% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Museum of Printing Inc the sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Barre Historical Society Inc ($223k), Morgantown Hockey Association Incorporated ($223k) and C B Goddard Art Center Trust ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.9% of the total. At year end it held assets of $1.6m against liabilities of $17k, net assets of $1.6m.