Charles River Museum of Industry and Innovation Inc

Analysis

Charles River Museum of Industry and Innovation Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in August 1980, 46 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, Charles River Museum of Industry and Innovation Inc reported income of $523k and spending of $424k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $523k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 45%. 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, Charles River Museum of Industry and Innovation Inc sits at the 78th percentile: it is larger than about 78% 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 Society for the Study of Social Problems ($523k), Elizabeth Vann Moore Foundation ($523k) and The Marathon Community Theatre Inc ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 23% of the total. Other salaries and wages came to $162k. At year end it held assets of $1.1m against liabilities of $480k, net assets of $584k. It reported 10 employees.