Seneca Museum of Waterways and Industry Inc

Analysis

Seneca Museum of Waterways and Industry Inc is a registered charity in United States, based in Seneca Falls, NY. It received its IRS tax-exemption ruling in November 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seneca Museum of Waterways and Industry Inc reported income of $182k and spending of $165k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $188k to $182k (-3.2%), an average of -3.2% a year. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seneca Museum of Waterways and Industry Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Perris Valley Filipino-American Association Inc ($182k), Resounding Achord Productions ($182k) and Tiger Strikes Asteroid ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $72k (43% of expenses). Other salaries and wages came to $40k. At year end it held assets of $178k against liabilities of $2,126, net assets of $176k. It reported 7 employees.