Wisconsin Canoe Museum

Analysis

Wisconsin Canoe Museum is a registered charity in United States, based in Spooner, WI. It received its IRS tax-exemption ruling in February 2009, 17 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, Wisconsin Canoe Museum reported income of $59k and spending of $50k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $59k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wisconsin Canoe Museum sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within WI. Charities of a similar size with the same main cause include Challenge the Stats ($59k), Mark Thallander Foundation ($59k) and The Texas Military Forces Historical Foundation ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 16% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.