Louis Armstrong House Museum

Analysis

Louis Armstrong House Museum is a registered charity in United States, based in Corona, NY. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Louis Armstrong House Museum reported income of $2.4m and spending of $1.8m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $668k to $2.4m (+257%), an average of +37% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louis Armstrong House Museum sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Molluscan Science Foundation Inc ($2.4m), Fonner Park Exposition and Events Center Inc ($2.4m) and Vashon Allied Arts Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $25k (1.4% of expenses). Other salaries and wages came to $443k. It paid $45k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $154k, net assets of $2.6m. It reported 11 employees.