Pierre Claeyssens Veterans Museum and Library Foundation

Analysis

Pierre Claeyssens Veterans Museum and Library Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in November 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Pierre Claeyssens Veterans Museum and Library Foundation reported income of $176k and spending of $338k, spending 192% of what it took in. Across the 4 years on record, from November 2019 to November 2023, income fell from $548k to $176k (-68%), an average of -32% a year. The sharpest change came in the year to November 2022, when income rose by 100%. Over the whole period it spent 150% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pierre Claeyssens Veterans Museum and Library Foundation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Karousel Kids Inc ($176k), Ware Community Television Inc ($176k) and Michigan Trails and Greenways Alliance ($176k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 85% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). At year end it held assets of $2.2m against liabilities of $973k, net assets of $1.2m.

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.