Midwest Lumber Museum Inc

Analysis

Midwest Lumber Museum Inc is a registered charity in United States, based in Clinton, IA. It received its IRS tax-exemption ruling in July 2009, 17 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, Midwest Lumber Museum Inc reported income of $313k and spending of $201k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $417k to $313k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwest Lumber Museum Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Adefua Cultural Education Workshop ($313k), Vivace Music Foundation ($313k) and Radio Amateur Satellite Corporation ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 38% of the total. Other salaries and wages came to $81k. At year end it held assets of $7.2m against liabilities of $387k, net assets of $6.8m. It reported 3 employees.