Oil Region Music Preservation Museum

Analysis

Oil Region Music Preservation Museum is a registered charity in United States, based in Franklin, PA. It received its IRS tax-exemption ruling in May 2007, 19 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, Oil Region Music Preservation Museum reported income of $142k and spending of $91k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $142k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oil Region Music Preservation Museum sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Gordon Education Initiatives for the Performing Arts ($142k), Visual Arts Center Endowment Trust Inc ($142k) and Affton Historical Society ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.0% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.