Metropolitan Waterworks Museum Inc

Analysis

Metropolitan Waterworks Museum Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in April 1995, 31 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, Metropolitan Waterworks Museum Inc reported income of $475k and spending of $635k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $464k to $475k (+2.4%), an average of +0.6% a year. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Metropolitan Waterworks Museum Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Hong Kong Dragon Boat Festival in New York Inc ($475k), The Museum Association Inc ($475k) and National Association of Blacks in Criminal Justice Inc ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $12k (1.8% of expenses). Other salaries and wages came to $221k. At year end it held assets of $3.2m against liabilities of $85k, net assets of $3.1m. It reported 7 employees.

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.