Coolspring Power Museum

Analysis

Coolspring Power Museum is a registered charity in United States, based in Coolspring, PA. It received its IRS tax-exemption ruling in August 1986, 40 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 December 2023, Coolspring Power Museum reported income of $264k and spending of $154k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $264k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 636%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coolspring Power Museum sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Astar Education Institute ($264k), Bergen County Historical Society ($264k) and Norman Music Alliance Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 28% of the total. At year end it held assets of $1.4m against liabilities of $473, net assets of $1.4m.