Waterford Historical Museum & Cultural Center Inc

Analysis

Waterford Historical Museum & Cultural Center Inc is a registered charity in United States, based in Waterford, NY. It received its IRS tax-exemption ruling in July 1965, 61 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, Waterford Historical Museum & Cultural Center Inc reported income of $52k and spending of $28k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $71k to $52k (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waterford Historical Museum & Cultural Center Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Ellwood City Area Historical Society ($52k), Birthright of Pottstown ($52k) and North Broward Preparatory School Friends of the Library Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 7.9% of the total. Other salaries and wages came to $13k. At year end it held assets of $671k against liabilities of $0, net assets of $671k. It reported 1 employees.