Kregel Windmill Factory Museum

Analysis

Kregel Windmill Factory Museum is a registered charity in United States, based in Nebraska City, NE. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kregel Windmill Factory Museum reported income of $111k and spending of $151k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $168k to $111k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kregel Windmill Factory Museum sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NE. Charities of a similar size with the same main cause include Crossroads Percussion ($111k), Gujarati Cultural Association of the Piedmont ($111k) and Turner Farmhouse Foundation ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 7.5% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.1m against liabilities of -$690, net assets of $1.1m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.