Peoria Riverfront Museum

Analysis

Peoria Riverfront Museum is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in February 2011, 15 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 2024, Peoria Riverfront Museum reported income of $4.9m and spending of $6.3m, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.4m to $4.9m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 295%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peoria Riverfront Museum sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Stirling Harbor Foundation Inc ($4.9m), Miller Theatre Advisory Board Inc ($4.9m) and Sandusky State Theater Inc ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $367k (5.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $13.3m against liabilities of $1.9m, net assets of $11.4m. It reported 92 employees.