Attleboro Museum Inc

Analysis

Attleboro Museum Inc is a registered charity in United States, based in Attleboro, MA. It received its IRS tax-exemption ruling in March 1946, 80 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 May 2024, Attleboro Museum Inc reported income of $507k and spending of $539k, spending 106% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $389k to $507k (+30%), an average of +5.4% a year. The sharpest change came in the year to May 2022, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Attleboro Museum Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Foxboro Cable Access Inc ($507k), Dairy Barn Inc Southeastern Ohio Cultural Arts Center ($507k) and Noble Maritime Collection ($507k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 39% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $105k (19% of expenses). Other salaries and wages came to $148k. At year end it held assets of $1.7m against liabilities of $112k, net assets of $1.6m. It reported 5 employees.