Hopewell Museum

Analysis

Hopewell Museum is a registered charity in United States, based in Hopewell, NJ. It received its IRS tax-exemption ruling in July 1963, 63 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 March 2024, Hopewell Museum reported income of $66k and spending of $166k, spending 250% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $101k to $66k (-34%), an average of -9.9% a year. The sharpest change came in the year to March 2021, when income rose by 400%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hopewell Museum sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Global Invertebrate Genomics Alliance Inc ($66k), The Lexington Chamber Music Center Inc ($66k) and Nwa History Centre Inc ($66k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 18% of the total. Other salaries and wages came to $29k. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m. It reported 1 employees.