Barnum Museum Foundation Inc

Analysis

Barnum Museum Foundation Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in March 1987, 39 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, Barnum Museum Foundation Inc reported income of $3.7m and spending of $679k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $571k to $3.7m (+553%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 482%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Barnum Museum Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Hyde Park Art Center ($3.7m), Aurora Theatre Inc ($3.7m) and Ashley for the Arts Ltd ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (20% of expenses). Other salaries and wages came to $171k. At year end it held assets of $5.7m against liabilities of $1.1m, net assets of $4.6m. It reported 4 employees.