Margaret Woodbury Strong Museum Charitable Trust

Analysis

Margaret Woodbury Strong Museum Charitable Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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, Margaret Woodbury Strong Museum Charitable Trust reported income of $2.5m and spending of $5.3m, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.1m to $2.5m (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Margaret Woodbury Strong Museum Charitable Trust sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Sun Valley Lodge ($2.5m), Positive Childhood Alliance North Carolina ($2.5m) and National Association of State Technology Directors ($2.5m).

Compensation of current officers, directors and key employees was $280k (5.2% of expenses). At year end it held assets of $70.6m against liabilities of $0, net assets of $70.6m.