Hanford Mills Museum Endowment Fund

Analysis

Hanford Mills Museum Endowment Fund is a registered charity in United States, based in Oneonta, NY. 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, Hanford Mills Museum Endowment Fund reported income of $59k and spending of $38k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $62k to $59k (-4.9%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hanford Mills Museum Endowment Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Boswell High School Choir Boosters ($59k), North Bay Performing Arts ($59k) and Boychoir of Ann Arbor ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. Compensation of current officers, directors and key employees was $12k (31% of expenses). At year end it held assets of $848k against liabilities of $0, net assets of $848k.