Putnam History Museum

Analysis

Putnam History Museum is a registered charity in United States, based in Cold Spring, NY. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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, Putnam History Museum reported income of $273k and spending of $299k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $278k to $273k (-1.9%), an average of -0.5% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Putnam History Museum sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Fireweed Housing Development Inc ($272k), Springvale Public Library Association ($273k) and Wondermore Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $81k (27% of expenses). Other salaries and wages came to $90k. At year end it held assets of $3.3m against liabilities of $3,791, net assets of $3.3m. It reported 6 employees.