Tri-Cities Historical Museum Inc

Analysis

Tri-Cities Historical Museum Inc is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in February 1971, 55 years ago. 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, Tri-Cities Historical Museum Inc reported income of $935k and spending of $927k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $805k to $935k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-Cities Historical Museum Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Mark Seven Deaf Foundation Inc ($935k), National Church Residences ($935k) and Trinity Ministries Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $83k (9.0% of expenses). Other salaries and wages came to $364k. At year end it held assets of $3.3m against liabilities of $14k, net assets of $3.3m. It reported 19 employees.