New England Wireless & Steam Museum

Analysis

New England Wireless & Steam Museum is a registered charity in United States, based in E Greenwich, RI. It received its IRS tax-exemption ruling in February 2024, 2 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, New England Wireless & Steam Museum reported income of $69k and spending of $72k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $112k to $69k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 217%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Wireless & Steam Museum sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within RI. Charities of a similar size with the same main cause include Redding City Ballet ($69k), Florida Entomological Society Inc ($69k) and Hopkins County Cultural Heritage Organization ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 1.9% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.