Mid-Atlantic Association of Museums

Analysis

Mid-Atlantic Association of Museums is a registered charity in United States, based in Cooperstown, NY. It received its IRS tax-exemption ruling in September 1980, 46 years ago. 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 June 2024, Mid-Atlantic Association of Museums reported income of $449k and spending of $404k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $338k to $449k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Atlantic Association of Museums sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Rocky Mountain Vipassana Association Inc ($449k), Leadership Wilkes-Barre ($449k) and Volunteers of America Inc ($449k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $57k (14% of expenses). At year end it held assets of $140k against liabilities of $194, net assets of $139k. It reported 1 employees.