Soldiers and Sailors Memorial Hall and Museum Trust Inc

Analysis

Soldiers and Sailors Memorial Hall and Museum Trust Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1999, 27 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, Soldiers and Sailors Memorial Hall and Museum Trust Inc reported income of $2.4m and spending of $2.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Soldiers and Sailors Memorial Hall and Museum Trust Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Ballet Lubbock ($2.4m), Northwest African American Museum Inc ($2.4m) and Amarillo Symphony Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $182k (7.6% of expenses). Other salaries and wages came to $850k. At year end it held assets of $5.4m against liabilities of $266k, net assets of $5.2m. It reported 29 employees.