Thousand Islands Museum

Analysis

Thousand Islands Museum is a registered charity in United States, based in Clayton, NY. It received its IRS tax-exemption ruling in October 1968, 58 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, Thousand Islands Museum reported income of $73k and spending of $68k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $73k (+15%), an average of +15% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thousand Islands Museum sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Century Walk Corporation ($72k), Vidan Foundation Inc ($73k) and Cedar City Music Arts Association ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. At year end it held assets of $306k against liabilities of $327, net assets of $305k.