Red Skelton Museum Foundation Inc

Analysis

Red Skelton Museum Foundation Inc is a registered charity in United States, based in Vincennes, IN. It received its IRS tax-exemption ruling in April 2007, 19 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, Red Skelton Museum Foundation Inc reported income of $642k and spending of $230k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $642k (+373%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 332%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Skelton Museum Foundation Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include California School of the Arts Foundation ($641k), Josephine Sculpture Park Inc ($642k) and Asheville Area Arts Council ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $78k (34% of expenses). At year end it held assets of $4.9m against liabilities of $3,318, net assets of $4.9m. It reported 6 employees.