National Museum of Industrial History

Analysis

National Museum of Industrial History is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in October 1997, 29 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, National Museum of Industrial History reported income of $1.5m and spending of $1.8m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Museum of Industrial History sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Forward Theater Company ($1.5m), Foundation for American Content and Entertainment ($1.5m) and Floyd County Historical Society ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $140k (7.9% of expenses). Other salaries and wages came to $338k. At year end it held assets of $12.0m against liabilities of $2.2m, net assets of $9.8m.