Shaker Museum and Library

Analysis

Shaker Museum and Library is a registered charity in United States, based in Old Chatham, NY. It received its IRS tax-exemption ruling in April 1953, 73 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 December 2023, Shaker Museum and Library reported income of $1.1m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $758k to $1.1m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 347%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shaker Museum and Library sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Dayton Public Radio Inc ($1.1m), Keystone Research Center Inc ($1.1m) and Mark Twain Home Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $322k (26% of expenses). Other salaries and wages came to $352k. At year end it held assets of $10.4m against liabilities of $294k, net assets of $10.1m. It reported 15 employees.