Eli Whitney Museum Inc

Analysis

Eli Whitney Museum Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in February 1977, 49 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 August 2024, Eli Whitney Museum Inc reported income of $1.5m and spending of $1.6m, spending 107% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income grew from $972k to $1.5m (+53%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eli Whitney Museum Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Folk Alliance International ($1.5m), Bay Area Glass Institute Inc ($1.5m) and Museum Foundation of Pacific Grove Inc ($1.5m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 20% and program service revenue 73% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.1m against liabilities of $65k, net assets of $2.1m. It reported 149 employees.