Sterling Hill Mining Museum Inc

Analysis

Sterling Hill Mining Museum Inc is a registered charity in United States, based in Ogdensburg, NJ. It received its IRS tax-exemption ruling in May 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2022, Sterling Hill Mining Museum Inc reported income of $422k and spending of $436k, spending 103% of its income. Across the 4 years on record, from February 2019 to February 2022, income fell from $1.0m to $422k (-58%), an average of -25% a year. The sharpest change came in the year to February 2022, when income rose by 94%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sterling Hill Mining Museum Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Objective Standard Institute ($422k), Colorado Springs Childrens Chorale ($422k) and Belmead on the James Inc ($422k).

On its Form 990 for the period ending February 2022, revenue came from contributions and grants 2.7% and program service revenue 33% of the total. Other salaries and wages came to $139k. At year end it held assets of $7.3m against liabilities of $3,360, net assets of $7.3m. It reported 24 employees.