Hoboken Historical Museum Inc

Analysis

Hoboken Historical Museum Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Hoboken Historical Museum Inc reported income of $342k and spending of $354k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $324k to $342k (+5.7%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hoboken Historical Museum Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Association for Supervision and Curriculum Development ($342k), New York State Athletic Adminstrators Association Inc ($342k) and Paralyzed Veterans of America ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $80k (22% of expenses). Other salaries and wages came to $126k. At year end it held assets of $776k against liabilities of $17k, net assets of $759k. It reported 4 employees.