St Lawrence Power & Equipment Museum

Analysis

St Lawrence Power & Equipment Museum is a registered charity in United States, based in Madrid, NY. It received its IRS tax-exemption ruling in June 2004, 22 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, St Lawrence Power & Equipment Museum reported income of $225k and spending of $159k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $271k to $225k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Lawrence Power & Equipment Museum sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Crimson Band Booster Club ($225k), Ruth Stage Inc ($225k) and Lexington Art League Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. At year end it held assets of $2.2m against liabilities of -$258, net assets of $2.2m.