Franklin Mineral Museum Inc

Analysis

Franklin Mineral Museum Inc is a registered charity in United States, based in Franklin, NJ. It received its IRS tax-exemption ruling in September 1965, 61 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, Franklin Mineral Museum Inc reported income of $275k and spending of $280k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $417k to $275k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2021, when income rose by 269%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Franklin Mineral Museum Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Main Street Portsmouth ($275k), Concord Players Inc ($275k) and Silver Spur Rodeo Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 57% of the total. Other salaries and wages came to $142k. At year end it held assets of $1.7m against liabilities of $99k, net assets of $1.6m. It reported 12 employees.