Genesee Country Museum

Analysis

Genesee Country Museum is a registered charity in United States, based in Mumford, NY. It received its IRS tax-exemption ruling in February 1967, 59 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, Genesee Country Museum reported income of $4.3m and spending of $5.5m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.3m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Genesee Country Museum sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Medical Letter Inc ($4.3m), Illinois Valley Public Telecommunications Corporation ($4.3m) and Art 21 Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $339k (6.2% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $25.0m against liabilities of $237k, net assets of $24.8m. It reported 230 employees.