Montshire Museum of Science

Analysis

Montshire Museum of Science is a registered charity in United States, based in Norwich, VT. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Montshire Museum of Science reported income of $3.5m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $3.5m (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2021, when income rose by 73%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Montshire Museum of Science sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VT. Charities of a similar size with the same main cause include Gibson Gives ($3.5m), Air Force Villages Charitable Foundation ($3.5m) and Homes for Hope ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $196k (6.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $18.8m against liabilities of $539k, net assets of $18.3m. It reported 61 employees.